The Services sector company, Hudson’s Bay (HBC), has received a rating update from a Wall Street analyst today. Analyst Vishal Shreedhar from National Bank reiterated a Hold rating, with a C$12 price target.
According to TipRanks.com, Shreedhar is a 1-star analyst with an average return of -5.1% and a 40.0% success rate. Shreedhar covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Dollarama Inc.
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Currently, the analyst consensus on Hudson’s Bay is a Hold with an average price target of C$11.10, which is a 18.7% upside from current levels. 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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The company has a one-year high of C$12.10 and a one-year low of C$7.27. Currently, Hudson’s Bay has an average volume of 218.2K.
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$9.35.
