Hudson's Bay Co (TSE:HBC) had its target price lifted by investment analysts at Royal Bank Of Canada from C$10.00 to C$12.00 in a report issued on Tuesday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 6.48% from the company’s current price.

Other research analysts have also issued research reports about the stock. CIBC raised their target price on shares of Hudson's Bay Co from C$12.50 to C$14.00 in a research note on Wednesday, October 25th. Canaccord Genuity reduced their target price on shares of Hudson's Bay Co from C$11.00 to C$9.00 and set a “hold” rating on the stock in a research note on Thursday, September 7th. TD Securities raised their target price on shares of Hudson's Bay Co from C$10.00 to C$12.50 and gave the company a “hold” rating in a research note on Friday, July 21st. National Bank Financial raised their target price on shares of Hudson's Bay Co from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. Finally, Scotiabank raised their target price on shares of Hudson's Bay Co from C$12.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, September 7th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$14.94.

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In related news, insider Donald William Watros sold 71,200 shares of Hudson's Bay Co stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of C$10.60, for a total transaction of C$754,720.00.

Hudson's Bay Co Company Profile

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.

Analyst Recommendations for Hudson's Bay Co (TSE:HBC)

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