Hudson's Bay (TSE:HBC) had its target price dropped by investment analysts at National Bank Financial from C$12.00 to C$11.00 in a note issued to investors on Wednesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 19.05% from the company’s previous close.
HBC has been the topic of a number of other reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$25.00 target price on shares of Hudson's Bay in a report on Tuesday, November 14th. Canaccord Genuity decreased their target price on Hudson's Bay from C$12.00 to C$11.00 and set a “hold” rating on the stock in a report on Thursday, December 7th. TD Securities decreased their target price on Hudson's Bay from C$13.50 to C$12.50 and set a “hold” rating on the stock in a report on Friday, December 8th. Royal Bank of Canada decreased their price target on Hudson's Bay from C$12.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, December 7th. Finally, Cowen decreased their price target on Hudson's Bay from C$14.00 to C$12.00 in a report on Thursday, December 7th. Nine equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of C$11.61.
Shares of Hudson's Bay (TSE:HBC) traded down C$0.45 during trading on Wednesday, reaching C$9.24. The company had a trading volume of 323,265 shares, compared to its average volume of 345,658. Hudson's Bay has a one year low of C$8.08 and a one year high of C$13.43. The company has a market cap of $1,770.00, a PE ratio of -2.09 and a beta of 1.17.
About Hudson's Bay
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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