Analysts Set Hudson's Bay Co (HBC) Price Target at $14.22

Shares of Hudson's Bay Co (TSE:HBC) have been given an average rating of “Hold” by the eleven analysts that are covering the stock, MarketBeat reports. Eight investment 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 a report on the stock in the last year is C$14.22.

A number of brokerages recently issued reports on HBC. Royal Bank Of Canada decreased their price objective on Hudson's Bay Co from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a report on Friday, September 8th. CIBC increased their price objective on Hudson's Bay Co from C$10.50 to C$12.50 in a report on Thursday, September 7th. Canaccord Genuity decreased 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 report on Thursday, September 7th. 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. Finally, 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.

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In other Hudson's Bay Co news, insider Marc Jeffrey Metrick sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of C$11.25, for a total value of C$56,250.00. Insiders sold 11,101 shares of company stock valued at $124,467 over the last 90 days.

Hudson's Bay Co (TSE HBC) traded down 1.59% during mid-day trading on Friday, reaching $12.34. The company’s stock had a trading volume of 359,528 shares. The firm has a 50-day moving average of $11.24 and a 200-day moving average of $10.99. The stock’s market capitalization is $2.25 billion. Hudson's Bay Co has a 52 week low of $8.08 and a 52 week high of $17.67.

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.

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

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