Hudson’s Bay Co (HBC) Receives C$11.44 Consensus PT from Brokerages

Shares of Hudson’s Bay Co (TSE:HBC) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$11.44.

HBC has been the topic of several recent analyst reports. TD Securities raised their target price on shares of Hudson’s Bay from C$11.00 to C$12.00 and gave the stock a “hold” rating in a report on Wednesday, September 12th. CIBC raised their target price on shares of Hudson’s Bay from C$10.00 to C$11.50 in a report on Thursday, September 13th. National Bank Financial raised their target price on shares of Hudson’s Bay from C$11.00 to C$13.00 and gave the stock a “sector perform” rating in a report on Thursday, September 13th. Finally, Royal Bank of Canada raised their target price on shares of Hudson’s Bay from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 12th.

In related news, Director Robert C. Baker sold 25,800 shares of Hudson’s Bay stock in a transaction on Monday, October 1st. The shares were sold at an average price of C$9.50, for a total value of C$245,100.00. Also, insider L&T B. (Cayman) Inc. sold 24,200 shares of Hudson’s Bay stock in a transaction on Thursday, September 27th. The shares were sold at an average price of C$9.95, for a total transaction of C$240,790.00. In the last quarter, insiders sold 112,598 shares of company stock worth $1,089,434.

Shares of HBC stock traded up C$0.10 during trading hours on Friday, hitting C$9.24. 10,100 shares of the company’s stock were exchanged, compared to its average volume of 233,620. Hudson’s Bay has a 12-month low of C$8.02 and a 12-month high of C$12.77.

Hudson’s Bay Company Profile

Hudson's Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offers fashion apparels, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF 5TH, Find @ Lord & Taylor, Gilt, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena banners.

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Analyst Recommendations for Hudson`s Bay (TSE:HBC)

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