Other equities analysts also recently issued research reports about the company. CIBC increased their price target on Hudson's Bay from C$10.50 to C$12.50 in a research report on Thursday, September 7th. Canaccord Genuity dropped their price target on Hudson's Bay from C$11.00 to C$9.00 and set a hold rating on the stock in a research report on Thursday, September 7th. TD Securities increased their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a hold rating in a research report on Wednesday, October 25th. BMO Capital Markets restated an outperform rating and set a C$25.00 price objective on shares of Hudson's Bay in a research note on Tuesday, November 14th. Finally, National Bank Financial decreased their price objective on Hudson's Bay from C$14.00 to C$12.00 and set a sector perform rating for the company in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and a consensus target price of C$11.72.
Hudson's Bay (TSE:HBC) opened at C$10.02 on Thursday. Hudson's Bay has a 12-month low of C$8.08 and a 12-month high of C$13.87.
In related news, insider Donald William Watros sold 71,200 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$10.60, for a total transaction of C$754,720.00.
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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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