Wall Street analyst has provided a rating update for the Services sector company today, while remaining neutral on the stock. Analyst Sabahat Khan from RBC Capital rated Hudson’s Bay (TSX: HBC) a Hold, setting a C$11 price target.
According to TipRanks.com, Khan is ranked #1194 out of 4870 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Hudson’s Bay with a C$11.50 average price target, implying a 0.9% upside from current levels. In a report released today, TD Securities also maintained a Hold rating on the stock with a C$12 price target.
Hudson’s Bay’s market cap is currently C$1.94B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.92.
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 Wednesday at C$11.40.