Hudson’s Bay Company (TSE:HBC) Has Just Had Its Price Objective Diminished by Analysts at TD Securities to $33.00

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Analysis: Hudson’s Bay Company (TSE:HBC) Upside Target Change Today

In a recent research report announced by TD Securities on Friday morning, the firm, Hudson’s Bay Company (TSE:HBC), had their TP downgraded to $33.00. Analusts right now have a solid Buy rating on the stock.

From a total of 11 analysts covering Hudson’s Bay Company (TSE:HBC) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $31.38 while the lowest target price is $20.18. The mean of all analyst targets is $25.85 with a 123.75% above today’s ($17.43) stock price. Hudson’s Bay Company was the topic of 7 analyst reports since September 11, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 30 with “Outperform” rating.

Approximately 1.87 million shares of stock traded hands or 403.47% up from the average. Hudson’s Bay Co HBC (TSE:HBC) has declined 26.10% since May 8, 2015 and is downtrending. It has underperformed by 23.09% the S&P500.

Hudson's Bay Company (TSE:HBC) Has Just Had Its Price Objective Diminished by Analysts at TD Securities to $33.00

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