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


Hudson’s Bay (TSX: HBC), the Services sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Mark Petrie from CIBC rated Hudson’s Bay (TSX: HBC) a Hold, setting a C$11.50 price target.

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

According to TipRanks.com, Petrie is ranked #283 out of 4872 analysts.

Currently, the analyst consensus on Hudson’s Bay is a Hold with an average price target of C$11.88, representing a 7.5% upside. In a report released yesterday, TD Securities also maintained a Hold rating on the stock with a C$12 price target.

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The company has a one-year high of C$13.43 and a one-year low of C$8.02. Currently, Hudson’s Bay has an average volume of 159.1K.

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$11.05.