Hudson's Bay Co (HBC) Receives C$14.33 Consensus Target Price from Analysts
Hudson's Bay Co (TSE:HBC) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$14.33.
HBC has been the subject of a number of recent research reports. TD Securities reiterated a “buy” rating and issued a C$27.00 target price on shares of Hudson's Bay Co in a report on Wednesday, November 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$21.00 price target on shares of Hudson's Bay Co in a report on Thursday, December 1st. Cowen and Company decreased their price target on Hudson's Bay Co from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, December 5th. Scotiabank reaffirmed an “outperform” rating and set a C$23.00 price target on shares of Hudson's Bay Co in a report on Monday, December 5th. Finally, CIBC decreased their price target on Hudson's Bay Co from C$20.00 to C$18.00 in a report on Wednesday, December 7th.
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Shares of Hudson's Bay Co (TSE:HBC) opened at 10.44 on Tuesday. The stock has a 50 day moving average price of $11.52 and a 200-day moving average price of $13.92. Hudson's Bay Co has a 52 week low of $8.97 and a 52 week high of $19.69. The stock’s market cap is $1.90 billion.
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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