Shares of Hudson's Bay Co (TSE:HBC) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$14.00.
HBC has been the subject of a number of research reports. Scotiabank reduced their price objective on Hudson's Bay Co from C$26.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, November 14th. TD Securities cut their target price on Hudson's Bay Co from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research report on Tuesday, December 6th. RBC Capital Markets cut their target price on Hudson's Bay Co from C$21.00 to C$18.00 in a research report on Wednesday, December 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$18.00 target price (down previously from C$21.00) on shares of Hudson's Bay Co in a research report on Wednesday, December 7th. Finally, National Bank Financial cut their target price on Hudson's Bay Co from C$17.00 to C$15.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 10th.
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In other Hudson's Bay Co news, insider David Schwartz purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The shares were acquired at an average cost of C$10.18 per share, for a total transaction of C$40,720.00.
Hudson's Bay Co (TSE:HBC) opened at 12.16 on Friday. The company’s 50 day moving average price is $10.91 and its 200-day moving average price is $14.95. Hudson's Bay Co has a 12-month low of $8.97 and a 12-month high of $19.69. The firm’s market capitalization is $2.22 billion.
Hudson's Bay Co 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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