Hudson's Bay Co (HBC) Given Average Recommendation of “Hold” by Analysts

Shares of Hudson's Bay Co (TSE:HBC) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$11.72.

Several brokerages have weighed in on HBC. CIBC lifted their price objective on shares of Hudson's Bay from C$12.50 to C$14.00 in a research note on Wednesday, October 25th. TD Securities lifted their price objective on shares of Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. National Bank Financial lifted their price objective on shares of Hudson's Bay from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Royal Bank of Canada lifted their price objective on shares of Hudson's Bay from C$10.00 to C$12.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$25.00 price objective on shares of Hudson's Bay in a research note on Tuesday, November 14th.

Shares of Hudson's Bay (TSE:HBC) traded up C$0.04 during mid-day trading on Friday, hitting C$11.61. 365,976 shares of the company traded hands, compared to its average volume of 388,723. The company has a market cap of $2,120.00, a P/E ratio of -2.59 and a beta of 1.21. Hudson's Bay has a 1-year low of C$8.08 and a 1-year high of C$13.43.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, December 28th. Hudson's Bay’s dividend payout ratio (DPR) is presently -2.79%.

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About Hudson's Bay

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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