Hudson's Bay Co (TSE:HBC) has been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$14.22.

Several equities research analysts recently weighed in on HBC shares. Royal Bank Of Canada dropped their price target on Hudson's Bay Co from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Friday, September 8th. Scotiabank increased their price objective on Hudson's Bay Co from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Thursday, September 7th. National Bank Financial increased their price objective on Hudson's Bay Co from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Thursday, September 7th. Canaccord Genuity lowered 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 research report on Thursday, September 7th. Finally, CIBC raised their price objective on Hudson's Bay Co from C$10.50 to C$12.50 in a research report on Thursday, September 7th.

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

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Shares of Hudson's Bay Co (TSE:HBC) traded down 0.87% during mid-day trading on Wednesday, reaching $12.52. 152,575 shares of the company’s stock were exchanged. The firm’s market capitalization is $2.29 billion. Hudson's Bay Co has a one year low of $8.08 and a one year high of $17.33. The stock has a 50-day moving average of $11.96 and a 200 day moving average of $11.09.

About Hudson's Bay Co

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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