Hudson's Bay (TSE:HBC) had its price objective decreased by equities researchers at Royal Bank Of Canada from C$12.00 to C$11.00 in a research note issued on Thursday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 6.28% from the company’s current price.

Other equities analysts have also issued reports about the stock. Scotiabank reduced their target price on shares of Hudson's Bay from C$13.00 to C$12.00 and set a “sector perform” rating on the stock in a research report on Thursday. Canaccord Genuity reduced their target price on shares of Hudson's Bay from C$12.00 to C$11.00 and set a “hold” rating on the stock in a research report on Thursday. CIBC reduced their target price on shares of Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday. Cowen reduced their target price on shares of Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday. Finally, National Bank Financial reduced their target price on shares of Hudson's Bay from C$14.00 to C$12.00 and set a “sector perform” rating on the stock in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$13.39.

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

In related news, insider Donald William Watros sold 71,200 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of C$10.60, for a total value of C$754,720.00.

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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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