National Bank Financial Trims Hudson's Bay Co (HBC) Target Price to C$12.00

Hudson's Bay Co (TSE:HBC) had its target price cut by National Bank Financial from C$15.00 to C$12.00 in a research report released on Thursday, April 6th, StockTargetPrices.com reports.

Several other research analysts have also commented on the company. Scotiabank restated a sector perform rating and set a C$14.50 price target on shares of Hudson's Bay Co in a research report on Friday, March 24th. Royal Bank of Canada lowered their price target on Hudson's Bay Co from C$18.00 to C$12.00 and set a sector perform rating for the company in a research report on Wednesday, January 11th. TD Securities lowered Hudson's Bay Co from a buy rating to a hold rating and lowered their price target for the stock from C$26.00 to C$13.00 in a research report on Tuesday, January 10th. Finally, CIBC decreased their target price on Hudson's Bay Co from C$18.00 to C$12.50 in a report on Wednesday, January 11th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Hudson's Bay Co presently has an average rating of Hold and an average price target of C$15.94.

Shares of Hudson's Bay Co (TSE:HBC) opened at 11.35 on Thursday. The firm has a 50-day moving average price of $11.20 and a 200 day moving average price of $12.63. The company’s market cap is $2.07 billion. Hudson's Bay Co has a 12 month low of $8.97 and a 12 month high of $18.60.

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Hudson's Bay Co 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.

Stock Target Prices

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