Hudson’s Bay (HBC) Receives Average Rating of “Hold” from Brokerages

Hudson’s Bay (TSE:HBC) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$10.67.

A number of equities analysts recently issued reports on the stock. National Bank Financial dropped their price target on shares of Hudson’s Bay from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a research note on Thursday. Scotiabank lowered their target price on shares of Hudson’s Bay from C$12.00 to C$10.00 and set a “sector perform” rating on the stock in a research note on Thursday. Royal Bank of Canada lowered their target price on shares of Hudson’s Bay from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a research note on Thursday. TD Securities lowered their target price on shares of Hudson’s Bay from C$12.50 to C$10.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, CIBC lowered their target price on shares of Hudson’s Bay from C$12.00 to C$10.00 in a research note on Thursday.

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In other news, insider L&T B. (Cayman) Inc. sold 191,300 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of C$11.50, for a total value of C$2,199,950.00. Also, insider L&T B. (Cayman) Inc. sold 67,844 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of C$11.72, for a total transaction of C$795,131.68. Insiders have sold a total of 672,544 shares of company stock worth $7,550,502 in the last 90 days.

Hudson’s Bay stock traded down C$0.17 during mid-day trading on Wednesday, reaching C$8.75. The stock had a trading volume of 196,275 shares, compared to its average volume of 328,124. Hudson’s Bay has a one year low of C$8.02 and a one year high of C$13.43.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.013 per share. This represents a $0.05 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, March 28th.

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Hudson’s Bay Company Profile

Hudson's Bay Company owns and operates department stores in Canada, the United States, and Europe. Its stores offer fashion apparel, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF 5TH, Find @ Lord & Taylor, Gilt, Home Outfitters, GALERIA Kaufhof, Galeria Inno, and Sportarena banners.

Analyst Recommendations for Hudson`s Bay (TSE:HBC)

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