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National Bank Financial announced Hudson's Bay Company (TSE:HBC), bumping up its stock price target to $14.00 today

Yesterday Hudson's Bay Company (TSE:HBC) traded -1.92% lower at $11.89. The company’s 50-day moving average is $12.44 and its 200-day moving average is $11.28. The last stock close price is up 4.15% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 701,616 shares of the stock were exchanged, up from an average trading volume of 418,836

In a report announced on 10/25/2017 National Bank Financial bumped up the target of Hudson's Bay Company (TSE:HBC) from $13.00 to $14.00 indicating a possible upside of 0.18%.

Previously on 9/08/2017, RBC Capital Markets reported about Hudson's Bay Company (TSE:HBC) raised the target price from $9.00 to $10.00. At the time, this indicated a possible downside of -0.21%.

See Chart Below

Hudson's Bay Company (TSE:HBC)

Hudson's Bay Company has a 52 week low of $8.08 and a 52 week high of $17.05 The company’s market cap is currently $0.

In addition to National Bank Financial reporting its target price, a total of 9 firms have issued a report on the stock. The consensus target price is $12.12 with 1 firm rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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 National Bank Financial announced Hudson's Bay Company (TSE:HBC), bumping up its stock price target to $14.00 today appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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National Bank Financial announced Hudson's Bay Company (TSE:HBC), bumping up its stock price target to $14.00 today

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