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A statement released earlier today by Scotia Capital about Hudson's Bay Company (TSE:HBC) bumps the target price to $26.00

Yesterday Hudson's Bay Company (TSE:HBC) traded 0.00% even at $17.17. HBC’s 50-day average is $17.44 and its two hundred day average is $16.61. With the last stock price close up 3.26% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 178,927 shares of the stock traded hands, down from an average trading volume of 224,308

Stating as potential upside of 0.51%, Scotia Capital raised the target price of Hudson's Bay Company (TSE:HBC) to $26.00

Recent Performance Chart

Hudson's Bay Company (TSE:HBC)

Hudson's Bay Company has PE ratio of 30.90 with a one year low of $14.40 and a one year high of $25.26 and has a market capitalization of $0.

A total of 11 analysts have released a report on the company. 2 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 1 equity analyst rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $19.67.

Brief Synopsis About Hudson's Bay Company (TSE:HBC)

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. The Company operates through four segments: the Department Stores Group (DSG) which includes Hudson's Bay, Lord & Taylor, Find @ Lord & Taylor and Home Outfitters; Saks Fifth Avenue; OFF 5TH, and the Kaufhof Banners. In North America, HBC's banners include Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, and Saks Fifth Avenue OFF 5TH (OFF 5TH), along with Find @ Lord & Taylor and Home Outfitters. In Europe, the Company's banners include GALERIA Kaufhof, a department store group in Germany, Belgium's department store group Galeria INNO, as well as Sportarena, a banner specializing in athletic wear, and Gilt, an e-commerce fashion retailer.

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