Hudson's Bay Co (TSE:HBC) had its price objective hoisted by Royal Bank Of Canada from C$10.00 to C$12.00 in a research report sent to investors on Tuesday morning. The brokerage currently has a sector perform rating on the stock.
Other equities research analysts have also recently issued reports about the company. CIBC lifted their target price on Hudson's Bay Co from C$12.50 to C$14.00 in a research note on Wednesday, October 25th. Canaccord Genuity lowered their target price on Hudson's Bay Co from C$11.00 to C$9.00 and set a hold rating for the company in a research note on Thursday, September 7th. TD Securities lifted their target price on Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a hold rating in a research note on Friday, July 21st. National Bank Financial lifted their target price on Hudson's Bay Co from C$13.00 to C$14.00 and gave the company a sector perform rating in a research note on Wednesday, October 25th. Finally, Scotiabank raised their price target on Hudson's Bay Co from C$12.00 to C$13.00 and gave the stock a sector perform rating in a research report on Thursday, September 7th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$14.94.
Shares of Hudson's Bay Co (HBC) opened at C$12.01 on Tuesday.
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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.
About Hudson's Bay Co
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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