CIBC Remains a Hold on Hudson’s Bay (HBC)

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Hudson’s Bay (HBCResearch Report). Today, analyst Mark Petrie gave a Hold rating to HBC and set a C$9.45 price target.

Petrie has an average return of 0.3% when recommending Hudson’s Bay.

According to TipRanks.com, Petrie is ranked #192 out of 5194 analysts.

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Hudson’s Bay has an analyst consensus of Hold, with a price target consensus of C$9.59.

Hudson’s Bay’s market cap is currently C$1.67B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.22.

Hudson’s Bay Co. engages in the ownership and operation of department stores. It operates through Department Stores, segment. The Department Stores segment sells fashion apparel, accessories, cosmetics, and home product under the Hudson’s Bay, Lord & Taylor, and Home Outfitters; Saks Fifth Avenue; and Saks OFF 5TH stores.

The company’s shares closed on Tuesday at C$9.20.