Hudson's Bay (HBC) PT Lowered to C$12.00
Hudson's Bay (TSE:HBC) had its target price decreased by National Bank Financial from C$14.00 to C$12.00 in a research report sent to investors on Thursday. National Bank Financial currently has a sector perform rating on the stock.
Other research analysts have also recently issued reports about the company. CIBC lifted their price objective on Hudson's Bay from C$10.50 to C$12.50 in a report on Thursday, September 7th. Canaccord Genuity cut their price objective on Hudson's Bay from C$11.00 to C$9.00 and set a hold rating for the company in a report on Thursday, September 7th. TD Securities lifted their price objective on Hudson's Bay from C$12.50 to C$13.50 and gave the company a hold rating in a report on Wednesday, October 25th. BMO Capital Markets reissued an outperform rating and set a C$25.00 price objective on shares of Hudson's Bay in a report on Tuesday, November 14th. Finally, Royal Bank Of Canada lifted their price objective on Hudson's Bay from C$10.00 to C$12.00 and gave the company a sector perform rating in a report on Tuesday, October 31st. Nine research analysts have rated the stock with a hold rating, Hudson's Bay presently has a consensus rating of Hold and a consensus price target of C$11.72.
Hudson's Bay (HBC) opened at C$10.02 on Thursday. Hudson's Bay has a twelve month low of C$8.08 and a twelve month high of C$13.87.
In other news, insider Donald William Watros sold 100,000 shares of the firm’s stock in a transaction 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.
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About Hudson's Bay
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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