Hudson’s Bay (TSE:HBC) Stock Passes Above 200-Day Moving Average of $0.00

Hudson’s Bay Co (TSE:HBC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $10.05. Hudson’s Bay shares last traded at $10.04, with a volume of 53,887 shares.

Several research analysts have commented on the company. Royal Bank of Canada raised Viacom from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $31.00 to $36.00 in a research note on Thursday, April 4th. Cowen boosted their target price on Hudson’s Bay from C$10.00 to C$12.00 in a research note on Friday, June 14th. TD Securities boosted their target price on TRANSAT AT from C$13.00 to C$13.50 and gave the stock a “hold” rating in a research note on Friday, June 14th. National Bank Financial reissued an “outperform” rating and set a C$30.00 target price on shares of Northview Apartment REIT in a research note on Tuesday, June 11th. Finally, CIBC raised Cornerstone Progressive Return Fund from an “average” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, June 18th.

The company has a debt-to-equity ratio of 382.71, a quick ratio of 0.06 and a current ratio of 1.06. The firm has a market capitalization of $1.79 billion and a PE ratio of 34.90. The stock has a 50 day moving average price of C$8.64.

Hudson’s Bay Company Profile (TSE:HBC)

Hudson's Bay Company owns and operates department stores in Canada and the United States. Its stores offers fashion apparels, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena names.

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