Hudson's Bay (TSE:HBC) had its price target reduced by research analysts at TD Securities from C$13.50 to C$12.50 in a research report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 24.75% from the company’s previous close.
A number of other brokerages have also issued reports on HBC. Royal Bank Of Canada reduced their target price on shares of Hudson's Bay from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Friday, September 8th. Scotiabank increased their price objective on shares of Hudson's Bay from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. National Bank Financial increased their price objective on shares of Hudson's Bay from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. Canaccord Genuity cut their price objective on shares of Hudson's Bay from C$11.00 to C$9.00 and set a “hold” rating on the stock in a report on Thursday, September 7th. Finally, CIBC increased their price objective on shares of Hudson's Bay from C$10.50 to C$12.50 in a report on Thursday, September 7th. Nine research analysts have rated the stock with a hold rating, Hudson's Bay has a consensus rating of “Hold” and an average price target of C$11.72.
Hudson's Bay (TSE HBC) opened at C$10.02 on Friday. Hudson's Bay has a 12-month low of C$8.08 and a 12-month high of C$13.87.
In other Hudson's Bay news, insider Donald William Watros sold 71,200 shares of the stock in a transaction 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.
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