Hudson’s Bay (TSE:HBC) Lowered to “Tender” at National Bank Financial

Hudson’s Bay (TSE:HBC) was downgraded by equities research analysts at National Bank Financial from a “sector perform” rating to a “tender” rating in a note issued to investors on Tuesday, BayStreet.CA reports. They currently have a C$9.45 price target on the stock, down from their previous price target of C$12.00. National Bank Financial’s target price would suggest a potential upside of 1.50% from the stock’s current price.

A number of other equities analysts also recently commented on HBC. Cowen reduced their target price on shares of Hudson’s Bay from C$11.00 to C$10.00 in a research note on Thursday, April 4th. Royal Bank of Canada reduced their target price on shares of Hudson’s Bay from C$11.00 to C$10.00 in a research note on Thursday, April 4th. CIBC reduced their target price on shares of Hudson’s Bay from C$12.00 to C$10.00 in a research note on Thursday, April 4th. Finally, TD Securities reduced their target price on shares of Hudson’s Bay from C$10.50 to C$9.50 and set a “hold” rating on the stock in a research note on Thursday, April 4th.

HBC opened at C$9.31 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.07 and a debt-to-equity ratio of 168.43. Hudson’s Bay has a twelve month low of C$6.22 and a twelve month high of C$12.05. The stock has a market cap of $1.67 billion and a P/E ratio of -4.05.

Hudson’s Bay (TSE:HBC) last issued its earnings results on Wednesday, April 3rd. The company reported C($0.54) EPS for the quarter. The business had revenue of C$2.89 million for the quarter. Equities analysts predict that Hudson’s Bay will post -0.8509239 EPS for the current year.

Hudson’s Bay Company Profile

Hudson's Bay Company owns and operates department stores in Canada and the United States. Its stores offers fashion apparels, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena names.

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