Hudson’s Bay (TSE:HBC) Price Target Raised to C$12.00

Hudson’s Bay (TSE:HBC) had its price objective hoisted by equities research analysts at TD Securities from C$11.00 to C$12.00 in a research note issued on Wednesday, September 12th. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 29.17% from the stock’s previous close.

HBC has been the topic of several other research reports. Royal Bank of Canada lifted their price target on Hudson’s Bay from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 12th. National Bank Financial lifted their price target on Hudson’s Bay from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 6th. Scotiabank lifted their price target on Hudson’s Bay from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 6th. Finally, Cowen lifted their price target on Hudson’s Bay from C$10.00 to C$11.00 in a research note on Wednesday, June 13th. Six investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of C$11.44.

TSE HBC traded down C$0.07 during midday trading on Wednesday, hitting C$9.29. The company had a trading volume of 132,400 shares, compared to its average volume of 237,733. Hudson’s Bay has a twelve month low of C$8.02 and a twelve month high of C$12.77.

In related news, insider L&T B. (Cayman) Inc. sold 20,098 shares of the business’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of C$9.57, for a total transaction of C$192,337.86. Also, insider L&T B. (Cayman) Inc. sold 4,800 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of C$10.67, for a total value of C$51,216.00. In the last quarter, insiders sold 112,598 shares of company stock worth $1,089,434.

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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