Royal Bank Of Canada Raises Hudson's Bay Co (HBC) Price Target to C$12.00

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.

Analyst Recommendations for Hudson's Bay Co (TSE:HBC)

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