Analysis: Hudson’s Bay Company (TSE:HBC) Stock Target Upgraded Today
In recent note disseminated by M Partners on Tuesday morning, the firm, Hudson’s Bay Company (TSE:HBC), had their price target downgraded to $36.00. Analusts presently 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 $30.64 while the lowest target price is $14.59. The mean of all analyst targets is $22.65 with a 114.38% above today’s ($17.32) stock price. Hudson’s Bay Company was the topic of 10 analyst reports since September 11, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 11 with “Outperform” rating.
Approximately 1.03M shares of stock traded hands or 201.72% up from the average. Hudson’s Bay Co HBC (TSE:HBC) has declined 38.76% since May 12, 2015 and is downtrending. It has underperformed by 35.09% the S&P500.