Scotiabank Lowers Hudson's Bay (HBC) Price Target to C$12.00
Hudson's Bay (TSE:HBC) had its target price decreased by investment analysts at Scotiabank from C$13.00 to C$12.00 in a research report issued to clients and investors on Thursday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 15.94% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$9.00 target price on shares of Hudson's Bay in a research report on Wednesday, August 30th. National Bank Financial raised their target price on shares of Hudson's Bay from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. CIBC raised their target price on shares of Hudson's Bay from C$12.50 to C$14.00 in a research report on Wednesday, October 25th. Cowen decreased their target price on shares of Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday. Finally, Canaccord Genuity decreased their target price on shares of Hudson's Bay from C$11.00 to C$9.00 and set a “hold” rating for the company in a research report on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Hudson's Bay has an average rating of “Hold” and a consensus price target of C$13.39.
Shares of Hudson's Bay (HBC) traded down C$1.55 during mid-day trading on Thursday, hitting C$10.35. 1,631,786 shares of the stock traded hands, compared to its average volume of 607,274. Hudson's Bay has a 52 week low of C$8.08 and a 52 week high of C$13.87.
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.
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