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.
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.
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