Hudson's Bay Co (HBC) Given New C$10.50 Price Target at CIBC

Hudson's Bay Co (TSE:HBC) had its price target lowered by CIBC from C$13.00 to C$10.50 in a research report report published on Monday, June 12th.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets reiterated an outperform rating and set a C$31.00 price target on shares of Hudson's Bay Co in a research note on Tuesday, May 23rd. Scotiabank restated a sector perform rating and set a C$14.50 price objective on shares of Hudson's Bay Co in a research report on Friday, March 24th. Goldman Sachs Group, Inc. (The) restated a neutral rating on shares of Hudson's Bay Co in a research report on Wednesday, May 10th. Credit Suisse Group downgraded shares of Hudson's Bay Co from an outperform rating to a neutral rating in a research report on Friday, April 21st. Finally, CSFB downgraded shares of Hudson's Bay Co from an outperform rating to a neutral rating and decreased their price objective for the company from C$23.00 to C$12.00 in a research report on Friday, April 21st. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of C$13.50.

Shares of Hudson's Bay Co (TSE HBC) traded up 0.10% during midday trading on Monday, reaching $10.23. The company had a trading volume of 781,642 shares. The firm’s market capitalization is $1.86 billion. Hudson's Bay Co has a one year low of $8.08 and a one year high of $18.60. The company has a 50 day moving average price of $10.18 and a 200-day moving average price of $11.26.

Hudson's Bay Co (TSE:HBC) last issued its quarterly earnings results on Thursday, June 8th. The company reported ($1.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by $0.49. The firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. On average, analysts anticipate that Hudson's Bay Co will post ($1.93) EPS for the current fiscal year.

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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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