Hudson's Bay (HBC) PT Lowered to C$12.00 at CIBC

Hudson's Bay (TSE:HBC) had its target price lowered by CIBC from C$14.00 to C$12.00 in a research note issued on Thursday, December 7th. CIBC’s price objective indicates a potential upside of 2.39% from the company’s previous close.

Several other research firms have also recently weighed in on HBC. National Bank Financial cut their price objective on Hudson's Bay from C$14.00 to C$12.00 and set a “sector perform” rating on the stock in a research report on Thursday, December 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a C$9.00 price target on shares of Hudson's Bay in a research report on Wednesday, August 30th. TD Securities boosted their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Canaccord Genuity dropped their price target on Hudson's Bay from C$11.00 to C$9.00 and set a “hold” rating on the stock in a research report on Thursday, September 7th. Finally, Scotiabank boosted their price objective on shares of Hudson's Bay from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Thursday, September 7th. Nine equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of C$11.72.

Hudson's Bay (HBC) traded up C$0.44 during midday trading on Thursday, hitting C$11.72. The company had a trading volume of 497,078 shares, compared to its average volume of 536,673. The company has a market capitalization of $2,140.00, a PE ratio of -2.62 and a beta of 1.21. Hudson's Bay has a 12 month low of C$8.08 and a 12 month high of C$13.43.

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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.

Analyst Recommendations for Hudson's Bay (TSE:HBC)

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