Hudson's Bay Co (TSE:HBC) has been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the firm. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$25.94.
HBC has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$23.00 price objective (down previously from C$27.00) on shares of Hudson's Bay Co in a report on Friday, June 10th. Scotiabank reaffirmed an “outperform” rating and set a C$26.50 price objective on shares of Hudson's Bay Co in a report on Friday, June 10th. TD Securities dropped their price objective on shares of Hudson's Bay Co from C$31.00 to C$30.00 and set a “buy” rating for the company in a report on Friday, June 10th. National Bank Financial reaffirmed a “sector perform” rating and set a C$18.00 price objective on shares of Hudson's Bay Co in a report on Thursday, July 14th. 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.
Shares of Hudson's Bay Co (TSE:HBC) opened at 16.86 on Friday. The firm has a market capitalization of $3.07 billion and a P/E ratio of 30.38. Hudson's Bay Co has a 52 week low of $14.40 and a 52 week high of $25.26. The firm’s 50-day moving average is $17.55 and its 200 day moving average is $16.58.
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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