National Bank Financial Cuts Hudson's Bay (HBC) Price Target to C$12.00
A number of other equities research analysts also recently issued reports on HBC. Royal Bank Of Canada restated a sector perform rating and set a C$9.00 price target on shares of Hudson's Bay in a research note on Wednesday, August 30th. TD Securities boosted their price target on Hudson's Bay from C$12.50 to C$13.50 and gave the company a hold rating in a research note on Wednesday, October 25th. Canaccord Genuity cut their price target on Hudson's Bay from C$11.00 to C$9.00 and set a hold rating for the company in a research note on Thursday, September 7th. Scotiabank boosted their price target on Hudson's Bay from C$12.00 to C$13.00 and gave the company a sector perform rating in a research note on Thursday, September 7th. Finally, CIBC boosted their price target on Hudson's Bay from C$10.50 to C$12.50 in a research note on Thursday, September 7th. Nine investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and an average target price of C$11.72.
Shares of Hudson's Bay (HBC) opened at C$10.02 on Thursday. Hudson's Bay has a 52 week low of C$8.08 and a 52 week high of C$13.87.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.013 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.52%. Hudson's Bay’s dividend payout ratio (DPR) is presently -3.63%.
In related news, insider Donald William Watros sold 71,200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of C$10.60, for a total transaction of C$754,720.00.
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Hudson's Bay Company Profile
Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.
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