CIBC Reaffirms Their Hold Rating on Hudson’s Bay (HBC)


A Wall Street analyst has provided a review for the Services company today, but retained the same rating on the stock. Analyst Mark Petrie from CIBC rated Hudson’s Bay (HBC) a Hold, setting a C$10 price target.

Petrie has an average return of 0.3% when recommending Hudson’s Bay.

According to TipRanks.com, Petrie is ranked #215 out of 5244 analysts.

Hudson’s Bay has an analyst consensus of Hold, with a price target consensus of C$10, a 25.9% upside from current levels. In a report released today, RBC Capital also reiterated a Hold rating on the stock with a C$10 price target.

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Hudson’s Bay’s market cap is currently C$1.46B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.34.

Hudson’s Bay Co. engages in the ownership and operation of department stores, which engages in the sale of fashion apparel, accessories, cosmetics, and home products. It operates under the Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, and Galeria Kaufhof department stores.

The company’s shares closed on Thursday at C$7.94.

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