Hudson's Bay Co (TSE:HBC) had its price objective raised by Scotiabank from C$12.00 to C$13.00 in a report issued on Thursday, September 7th. The firm currently has a sector perform rating on the stock.
Several other brokerages have also issued reports on HBC. CIBC lifted their price objective on shares of Hudson's Bay Co from C$10.50 to C$12.50 in a report on Thursday, September 7th. Canaccord Genuity cut their price objective on shares of Hudson's Bay Co from C$11.00 to C$9.00 and set a hold rating on the stock in a report on Thursday, September 7th. National Bank Financial raised their target price on shares of Hudson's Bay Co from C$10.00 to C$13.00 and gave the company a sector perform rating in a research note on Thursday, September 7th. Royal Bank Of Canada restated a sector perform rating and issued a C$9.00 target price on shares of Hudson's Bay Co in a research note on Wednesday, August 30th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating on shares of Hudson's Bay Co in a research note on Wednesday, May 10th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of C$14.22.
Hudson's Bay Co (TSE HBC) opened at 12.34 on Thursday. The company’s market cap is $2.25 billion. The firm has a 50-day moving average price of $11.32 and a 200 day moving average price of $11.00. Hudson's Bay Co has a one year low of $8.08 and a one year high of $17.67.
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In related news, insider Marc Jeffrey Metrick sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of C$11.12, for a total transaction of C$55,600.00. In the last three months, insiders have sold 11,101 shares of company stock valued at $124,467.
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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