Could Hudson’s Bay Co See a Reversal After This Very Weak Session?

 Could Hudson's Bay Co See a Reversal After This Very Weak Session?

The stock of Hudson’s Bay Co (TSE:HBC) is a huge mover today! About 89,569 shares traded hands. Hudson’s Bay Co (TSE:HBC) has declined 7.73% since March 28, 2016 and is downtrending. It has underperformed by 10.74% the S&P500.
The move comes after 7 months negative chart setup for the $2.88 billion company. It was reported on Nov, 1 by We have $15.23 PT which if reached, will make TSE:HBC worth $144.00 million less.

Hudson’s Bay Co (TSE:HBC) Ratings Coverage

Out of 5 analysts covering Hudson’s Bay Company (TSE:HBC), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $40 is the highest target while $23 is the lowest. The $31 average target is 93.39% above today’s ($16.03) stock price. Hudson’s Bay Company has been the topic of 20 analyst reports since September 11, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of HBC in a report on Friday, January 8 with “Outperform” rating. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, September 7. The stock of Hudson’s Bay Co (TSE:HBC) earned “Outperform” rating by RBC Capital Markets on Monday, November 30. As per Friday, December 11, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating given on Thursday, September 1 by Scotia Capital. Scotia Capital maintained Hudson’s Bay Co (TSE:HBC) on Thursday, September 22 with “Outperform” rating. The firm earned “Outperform” rating on Friday, June 10 by Scotia Capital. The firm has “Outperform” rating given on Tuesday, August 30 by RBC Capital Markets. TD Securities maintained Hudson’s Bay Co (TSE:HBC) rating on Tuesday, August 30. TD Securities has “Buy” rating and $30 price target. RBC Capital Markets maintained Hudson’s Bay Co (TSE:HBC) on Friday, June 10 with “Outperform” rating.

More notable recent Hudson’s Bay Co (TSE:HBC) news were published by: which released: “Hudson’s Bay Company’s Transformation Leads to Fast Growth” on June 13, 2016, also with their article: “Hudson’s Bay Co. Widens Loss, Plans More Cost-Cutting Moves” published on June 09, 2016, published: “Hudson’s Bay Company to Acquire Gilt” on January 07, 2016. More interesting news about Hudson’s Bay Co (TSE:HBC) were released by: and their article: “Why investors in Hudson’s Bay will be generously rewarded” published on October 23, 2016 as well as‘s news article titled: “Hudson’s Bay Company to Open State-of-the-Art Distribution Center in …” with publication date: April 28, 2016.

Hudson’s Bay Company is a Canada department store retailer. The company has a market cap of $2.88 billion. The Firm is an operator and a consolidator, as well as a real estate developer. It has a 34.39 P/E ratio. 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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