Hudson's Bay Co (HBC) Price Target Cut to C$12.00 by Analysts at National Bank Financial

Hudson's Bay Co (TSE:HBC) had its price target lowered by National Bank Financial from C$15.00 to C$12.00 in a research note published on Thursday, StockTargetPrices.com reports.

A number of other analysts have also recently issued reports on the company. CIBC boosted their price objective on Hudson's Bay Co from C$12.50 to C$14.00 in a research report on Thursday, April 6th. Royal Bank of Canada boosted their price objective on Hudson's Bay Co from C$12.00 to C$13.00 and gave the company a sector perform rating in a research report on Thursday, April 6th. Scotiabank restated a sector perform rating and set a C$14.50 price objective on shares of Hudson's Bay Co in a research report on Wednesday, April 5th. Finally, TD Securities cut Hudson's Bay Co from a buy rating to a hold rating and lowered their price objective for the company from C$26.00 to C$13.00 in a research report on Tuesday, January 10th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Hudson's Bay Co presently has a consensus rating of Hold and a consensus target price of C$15.94.

Shares of Hudson's Bay Co (TSE:HBC) traded down 1.57% during mid-day trading on Thursday, reaching $11.95. 710,935 shares of the company’s stock traded hands. Hudson's Bay Co has a 1-year low of $8.97 and a 1-year high of $18.60. The company’s market capitalization is $2.18 billion. The firm has a 50-day moving average price of $11.12 and a 200-day moving average price of $12.95.

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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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