Today, an analyst has provided a rating update for Hudson’s Bay (HBC). Analyst Oliver Chen from Cowen & Co. rated Hudson’s Bay (HBC) a Hold, setting a C$12 price target.
According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.3% and a 51.2% success rate. Chen covers the Services sector, focusing on stocks such as Capri Holdings Limited, Ulta Beauty Inc, and Planet Fitness.
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The word on The Street in general, suggests a Hold analyst consensus rating for Hudson’s Bay with a C$9.99 average price target, a 6.1% upside from current levels. In a report issued on June 11, CIBC also maintained a Hold rating on the stock with a C$9.45 price target.
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Hudson’s Bay’s market cap is currently C$1.72B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.26.
Hudson’s Bay Co. engages in the ownership and operation of department stores. It operates through Department Stores, segment. The Department Stores segment sells fashion apparel, accessories, cosmetics, and home product under the Hudson’s Bay, Lord & Taylor, and Home Outfitters; Saks Fifth Avenue; and Saks OFF 5TH stores.
The company’s shares closed on Friday at C$9.42.
