TD Securities Lowers Hudson's Bay Co (HBC) Price Target to C$27.00
Hudson's Bay Co (TSE:HBC) had its price target dropped by equities researchers at TD Securities from C$30.00 to C$27.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 80.36% from the company’s previous close.
A number of other brokerages have also weighed in on HBC. Royal Bank Of Canada reissued an “outperform” rating and issued a C$23.00 price target on shares of Hudson's Bay Co in a report on Tuesday, August 30th. Scotiabank reissued an “outperform” rating and issued a C$26.00 price target on shares of Hudson's Bay Co in a report on Thursday, September 1st. National Bank Financial raised their price target on shares of Hudson's Bay Co from C$18.00 to C$18.50 in a report on Thursday, September 8th. Finally, CIBC lowered shares of Hudson's Bay Co from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$24.61.
Shares of Hudson's Bay Co (TSE:HBC) opened at 14.97 on Friday. Hudson's Bay Co has a 12-month low of $14.40 and a 12-month high of $22.47. The stock has a market cap of $2.73 billion and a price-to-earnings ratio of 26.97. The stock has a 50 day moving average price of $16.63 and a 200-day moving average price of $16.38.
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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