Hudson's Bay (TSE:HBC) had its target price lowered by National Bank Financial from C$14.00 to C$12.00 in a report released on Thursday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 15.94% from the company’s current price.

Several other research analysts have also commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a C$25.00 price objective on shares of Hudson's Bay in a research report on Tuesday, November 14th. Royal Bank Of Canada cut their price objective on Hudson's Bay from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Friday, September 8th. CIBC lifted their target price on Hudson's Bay from C$12.50 to C$14.00 in a research report on Wednesday, October 25th. Scotiabank lifted their target price on Hudson's Bay from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 7th. Finally, TD Securities lifted their target price on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Hudson's Bay presently has an average rating of “Hold” and a consensus target price of C$13.39.

Hudson's Bay (HBC) traded down C$1.55 during trading hours on Thursday, reaching C$10.35. The company’s stock had a trading volume of 1,631,786 shares, compared to its average volume of 607,274. Hudson's Bay has a one year low of C$8.08 and a one year high of C$13.87.

In other news, insider Donald William Watros sold 100,000 shares of Hudson's Bay stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$10.08, for a total transaction of C$1,008,000.00.

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Hudson's Bay Company Profile

Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.

Analyst Recommendations for Hudson's Bay (TSE:HBC)

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