In a latest note to investors, a research analyst has provided a rating update for the Hudson’s Bay (HBC). Scotiabank’s analyst Patricia Baker reiterates their Hold rating on the shares, with a C$10.50 price target.
According to TipRanks.com, Baker is a 3-star analyst with an average return of 2.0% and a 54.4% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Loblaw Companies Limited, and Kroger Company.
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Currently, the analyst consensus on Hudson’s Bay is a Hold with an average price target of C$11.20, representing a 19.5% upside. In a report issued on November 22, TD Securities also maintained a Hold rating on the stock with a C$10.50 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 1.39.
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 Friday at C$9.37.
