Hudson's Bay Co (HBC) Rating Reiterated by BMO Capital Markets
Hudson's Bay Co (TSE:HBC)‘s stock had its “outperform” rating reissued by investment analysts at BMO Capital Markets in a research report issued on Tuesday. They currently have a C$25.00 price objective on the stock. BMO Capital Markets’ price target would indicate a potential upside of 122.22% from the company’s previous close.
Several other research firms have also recently commented on HBC. Royal Bank Of Canada cut their price target 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. National Bank Financial upped their price target on Hudson's Bay Co from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, September 7th. TD Securities upped their price target on Hudson's Bay Co from C$12.50 to C$13.50 and gave the company a “hold” rating in a report on Wednesday, October 25th. Scotiabank upped their price objective on Hudson's Bay Co from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, September 7th. Finally, Canaccord Genuity lowered their price objective on Hudson's Bay Co from C$11.00 to C$9.00 and set a “hold” rating on the stock in a research note on Thursday, September 7th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Hudson's Bay Co currently has a consensus rating of “Hold” and a consensus target price of C$14.61.
Hudson's Bay Co (TSE:HBC) traded down C$0.20 during trading on Tuesday, reaching C$11.25. The company’s stock had a trading volume of 200,932 shares, compared to its average volume of 626,854. Hudson's Bay Co has a 12-month low of C$8.08 and a 12-month high of C$15.35.
In other news, insider Donald William Watros sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of C$10.08, for a total value of C$1,008,000.00.
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.
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