Hudson's Bay Co (HBC) Price Target Increased to C$13.00 by Analysts at Scotiabank

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.

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

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