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TD Securities Maintains a Hold Rating on Hudson’s Bay (HBC)


Hudson’s Bay (TSX: HBC), the Services sector company, was revisited by a Wall Street analyst today. The company received a Hold rating from TD Securities’ analyst Brian Morrison, with a C$12 price target.

According to TipRanks.com, Morrison is ranked #1180 out of 4870 analysts.

Currently, the analyst consensus on Hudson’s Bay is a Hold with an average price target of C$11.50, representing a 0.9% upside. In a report released today, RBC Capital also maintained a Hold rating on the stock with a C$11 price target.

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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.