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.
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