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