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.

In other news, insider Donald William Watros sold 71,200 shares of Hudson's Bay stock in a transaction dated 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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