Hudson's Bay (HBC) PT Lowered to C$12.00

Hudson's Bay (TSE:HBC) had its price target reduced by investment analysts at Scotiabank from C$13.00 to C$12.00 in a research report issued to clients and investors on Thursday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 19.76% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Cowen cut their price objective on shares of Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday. Royal Bank Of Canada cut their price objective on shares of Hudson's Bay from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a research report on Friday, September 8th. CIBC cut their price objective on shares of Hudson's Bay from C$14.00 to C$12.00 in a research report on Thursday. Canaccord Genuity cut their price objective on shares of Hudson's Bay from C$12.00 to C$11.00 and set a “hold” rating for the company in a research report on Thursday. Finally, National Bank Financial boosted their price objective on shares of Hudson's Bay from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Nine analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of C$11.72.

Hudson's Bay (TSE HBC) opened at C$10.02 on Thursday. Hudson's Bay has a 52-week low of C$8.08 and a 52-week high of C$13.87.

In related news, insider Donald William Watros sold 71,200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of C$10.60, for a total value of C$754,720.00.

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Hudson's Bay 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 (TSE:HBC)

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