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.
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