TD Securities Lowers Hudson's Bay (HBC) Price Target to C$12.50

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.

Analyst Recommendations for Hudson's Bay (TSE:HBC)

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