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Hudson’s Bay (HBC) Receives a Hold from National Bank


Hudson’s Bay (TSX: HBC), the Services sector company, has received a rating update from a Wall Street analyst today. Analyst Vishal Shreedhar from National Bank remains neutral on the stock and has a C$13 price target.

According to TipRanks.com, Shreedhar is ranked #3591 out of 4872 analysts.

Hudson’s Bay has an analyst consensus of Hold, with a price target consensus of C$11.88, implying a 7.5% upside from current levels. 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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Hudson’s Bay’s market cap is currently C$2.09B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.99.

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.