The stock of Hudson’s Bay Co (TSE:HBC) hit a new 52-week low and has $12.99 target or 9.00% below today’s $14.27 share price. The 7 months bearish chart indicates high risk for the $2.58 billion company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $12.99 price target is reached, the company will be worth $232.20 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 361,208 shares traded hands or 64.51% up from the average. Hudson’s Bay Co (TSE:HBC) has declined 13.19% since April 15, 2016 and is downtrending. It has underperformed by 17.05% the S&P500.
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 $30.40 average target is 113.03% above today’s ($14.27) stock price. Hudson’s Bay Company has been the topic of 21 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, September 22 by Scotia Capital. TD Securities maintained it with “Buy” rating and $30 target price in Tuesday, August 30 report. The stock of Hudson’s Bay Co (TSE:HBC) has “Outperform” rating given on Friday, January 8 by RBC Capital Markets. RBC Capital Markets maintained Hudson’s Bay Co (TSE:HBC) on Tuesday, August 30 with “Outperform” rating. The company was maintained on Friday, June 10 by Scotia Capital. The company was maintained on Friday, December 11 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, September 7 report. On Thursday, September 1 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was maintained by RBC Capital Markets on Friday, June 10 with “Outperform”. RBC Capital Markets maintained Hudson’s Bay Co (TSE:HBC) on Monday, November 30 with “Outperform” rating.
More notable recent Hudson’s Bay Co (TSE:HBC) news were published by: Wsj.com which released: “Hudson’s Bay Co. Widens Loss, Plans More Cost-Cutting Moves” on June 09, 2016, also Business.Financialpost.com with their article: “Hudson’s Bay Company cuts outlook after sales fall more than expected at most …” published on November 11, 2016, Forbes.com published: “Hudson’s Bay Company’s Transformation Leads to Fast Growth” on June 13, 2016. More interesting news about Hudson’s Bay Co (TSE:HBC) were released by: Fool.ca and their article: “Is Hudson’s Bay Co. Still a Good Investment?” published on November 14, 2016 as well as Business.Financialpost.com‘s news article titled: “CIBC downgrades Hudson’s Bay Co on industry headwinds” with publication date: September 08, 2016.
Hudson’s Bay Company is a Canada department store retailer. The company has a market cap of $2.58 billion. The Firm is an operator and a consolidator, as well as a real estate developer. It has a 30.62 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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