Hudson's Bay Co (HBC) Receives Consensus Rating of “Hold” from Brokerages

Hudson's Bay Co (TSE:HBC) has received a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$14.22.

A number of brokerages have issued reports on HBC. National Bank Financial cut their price objective on Hudson's Bay Co from C$12.00 to C$10.00 in a report on Monday, June 12th. CIBC cut their price objective on Hudson's Bay Co from C$13.00 to C$10.50 in a report on Monday, June 12th. TD Securities lifted their price objective on Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, July 21st. Canaccord Genuity cut their price objective on Hudson's Bay Co from C$11.00 to C$9.00 and set a “hold” rating for the company in a report on Thursday, September 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$28.00 price objective on shares of Hudson's Bay Co in a report on Monday, June 12th.

In related news, insider Donald William Watros sold 100,000 shares of Hudson's Bay Co stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$10.08, for a total value of C$1,008,000.00.

COPYRIGHT VIOLATION WARNING: “Hudson's Bay Co (HBC) Receives Consensus Rating of “Hold” from Brokerages” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/hudsons-bay-co-hbc-receives-consensus-rating-of-hold-from-brokerages.html.

Hudson's Bay Co (TSE HBC) traded down 1.21% during trading on Wednesday, hitting $12.21. 355,682 shares of the stock traded hands. Hudson's Bay Co has a one year low of $8.08 and a one year high of $17.33. The company has a 50-day moving average price of $12.16 and a 200 day moving average price of $11.12. The stock’s market cap is $2.23 billion.

Hudson's Bay Co Company Pr

A number of brokerages have issued reports on HBC. National Bank Financial cut their price objective on Hudson's Bay Co from C$12.00 to C$10.00 in a report on Monday, June 12th. CIBC cut their price objective on Hudson's Bay Co from C$13.00 to C$10.50 in a report on Monday, June 12th. TD Securities lifted their price objective on Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, July 21st. Canaccord Genuity cut their price objective on Hudson's Bay Co from C$11.00 to C$9.00 and set a “hold” rating for the company in a report on Thursday, September 7th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$28.00 price objective on shares of Hudson's Bay Co in a report on Monday, June 12th.

In related news, insider Donald William Watros sold 100,000 shares of Hudson's Bay Co stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$10.08, for a total value of C$1,008,000.00.

COPYRIGHT VIOLATION WARNING: “Hudson's Bay Co (HBC) Receives Consensus Rating of “Hold” from Brokerages” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/hudsons-bay-co-hbc-receives-consensus-rating-of-hold-from-brokerages.html.

Hudson's Bay Co (TSE HBC) traded down 1.21% during trading on Wednesday, hitting $12.21. 355,682 shares of the stock traded hands. Hudson's Bay Co has a one year low of $8.08 and a one year high of $17.33. The company has a 50-day moving average price of $12.16 and a 200 day moving average price of $11.12. The stock’s market cap is $2.23 billion.

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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