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.
COPYRIGHT VIOLATION WARNING: This story was originally reported by Stock Observer and is owned by of Stock Observer. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thestockobserver.com/2017/06/20/hudsons-bay-co-hbc-price-target-lowered-to-c10-50-at-cibc-updated.html.
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.
Receive News & Ratings for Hudson's Bay Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson's Bay Co and related companies with MarketBeat.com's FREE daily email newsletter.