A Wall Street analyst has provided a rating update for the Services sector company today, while remaining neutral on the stock. Analyst Brian Morrison from TD Securities remains neutral on Hudson’s Bay (HBC) and has a C$10.50 price target.
According to TipRanks.com, Morrison is ranked #3323 out of 5129 analysts.
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Hudson’s Bay has an analyst consensus of Hold, with a price target consensus of C$11.90.
Hudson’s Bay’s market cap is currently C$1.42B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.15.
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$7.77, close to its 52-week low of C$7.27.
