Boasting a price of $11.89, Hudson's Bay Company (TSE:HBC) traded -1.92% lower on the day. The last close is up 4.15% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. The company has recorded a 50-day moving average of $12.44 and a 200-day moving average of $11.28. 701,616 shares of HBC traded, up from an avg. trading volume of 418,836
In a report announced on 10/25/2017 TD Securities bumped up the target of Hudson's Bay Company (TSE:HBC) from $12.50 to $13.50 indicating a possible upside of 0.14%.
Previously on 9/8/2017, RBC Capital Markets reported on Hudson's Bay Company (TSE:HBC) increased the target price from $9.00 to $10.00 that suggested a downside of -0.21%.
Hudson's Bay Company has a 52 week low of $8.08 and a 52 week high of $17.05 Hudson's Bay Company’s market capitalization is currently $0.
Also covering Hudson's Bay Company's price target, a total of 9 equity analysts have released a ratings update on HBC. The one year target is $12.12 with 1 broker rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, one brokerage rating the company a underperform, and lastly zero brokers rating the stock a sell.
Brief Synopsis On Hudson's Bay Company (TSE:HBC)
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. The Company operates through four segments: the Department Stores Group (DSG) which includes Hudson's Bay, Lord & Taylor, Find @ Lord & Taylor and Home Outfitters; Saks Fifth Avenue; OFF 5TH, and the Kaufhof Banners. In North America, HBC's banners include Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, and Saks Fifth Avenue OFF 5TH (OFF 5TH), along with Find @ Lord & Taylor and Home Outfitters. In Europe, the Company's banners include GALERIA Kaufhof, a department store group in Germany, Belgium's department store group Galeria INNO, as well as Sportarena, a banner specializing in athletic wear, and Gilt, an e-commerce fashion retailer.
The post Hudson's Bay Company (TSE:HBC) price target upped to $13.50, issued a ratings update today by TD Securities appeared first on Octafinance.