Hudson’s Bay (HBC) Price Target Increased to C$11.50 by Analysts at CIBC

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Hudson’s Bay (TSE:HBC) had its target price lifted by CIBC from C$10.00 to C$11.50 in a research note released on Thursday morning.

Several other research analysts have also recently weighed in on the stock. National Bank Financial boosted their price target on shares of Hudson’s Bay from C$11.00 to C$13.00 and gave the company a sector perform rating in a research report on Thursday. TD Securities boosted their price target on shares of Hudson’s Bay from C$11.00 to C$12.00 and gave the company a hold rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of Hudson’s Bay from C$10.00 to C$11.00 and gave the company a sector perform rating in a research report on Wednesday. Cowen boosted their price target on shares of Hudson’s Bay from C$10.00 to C$11.00 in a research report on Wednesday, June 13th. Finally, Scotiabank upped their target price on shares of Hudson’s Bay from C$10.00 to C$11.00 and gave the company a sector perform rating in a research report on Wednesday, June 6th. Six equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and an average price target of C$11.44.

Shares of HBC stock opened at C$11.05 on Thursday. Hudson’s Bay has a twelve month low of C$8.02 and a twelve month high of C$13.43.

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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