Hudson's Bay Co (HBC) Given “Buy” Rating at TD Securities
Several other research analysts have also weighed in on HBC. Scotiabank restated an outperform rating and set a C$26.00 price objective on shares of Hudson's Bay Co in a research note on Wednesday, September 7th. National Bank Financial boosted their price objective on shares of Hudson's Bay Co from C$18.00 to C$18.50 in a research note on Thursday, September 8th. CIBC lowered shares of Hudson's Bay Co from an outperform rating to a sector perform rating in a research note on Thursday, September 8th. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a C$23.00 price target on shares of Hudson's Bay Co in a research note on Wednesday, September 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hudson's Bay Co currently has a consensus rating of Buy and a consensus target price of C$24.61.
Hudson's Bay Co (TSE:HBC) opened at 14.77 on Wednesday. The stock has a 50 day moving average of $15.90 and a 200-day moving average of $16.22. The company has a market cap of $2.69 billion and a PE ratio of 26.61. Hudson's Bay Co has a 1-year low of $13.88 and a 1-year high of $21.75.
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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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