Hudson’s Bay (TSE:HBC) PT Raised to C$12.00

Hudson’s Bay (TSE:HBC) had its target price hoisted by investment analysts at Cowen from C$10.00 to C$12.00 in a report issued on Friday, BayStreet.CA reports. Cowen’s target price would indicate a potential upside of 27.39% from the company’s current price.

Several other analysts have also commented on HBC. TD Securities reduced their price target on shares of Hudson’s Bay from C$10.50 to C$9.50 and set a “hold” rating on the stock in a research report on Thursday, April 4th. Royal Bank of Canada reduced their price target on shares of Hudson’s Bay from C$11.00 to C$10.00 in a research report on Thursday, April 4th. CIBC reduced their price target on shares of Hudson’s Bay from C$12.00 to C$10.00 in a research report on Thursday, April 4th. Finally, National Bank Financial lowered shares of Hudson’s Bay from a “sector perform” rating to a “tender” rating and reduced their price target for the company from C$12.00 to C$9.45 in a research report on Tuesday.

Shares of HBC stock traded up C$0.08 during trading on Friday, hitting C$9.42. 617,432 shares of the stock traded hands, compared to its average volume of 254,417. The firm has a market cap of $1.72 billion and a PE ratio of -4.10. The company has a debt-to-equity ratio of 168.43, a quick ratio of 0.07 and a current ratio of 1.19. Hudson’s Bay has a 52-week low of C$6.22 and a 52-week high of C$12.05.

Hudson’s Bay (TSE:HBC) last released its quarterly earnings results on Wednesday, April 3rd. The company reported C($0.54) EPS for the quarter. The firm had revenue of C$2.89 million for the quarter. Equities research analysts predict that Hudson’s Bay will post -0.8509239 EPS for the current fiscal year.

About Hudson’s Bay

Hudson's Bay Company owns and operates department stores in Canada and the United States. Its stores offers fashion apparels, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena names.

Read More: Average Daily Trade Volume – What It Means In Stock Trading

Receive News & Ratings for Hudson's Bay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson's Bay and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply