Hudson’s Bay (TSE:HBC) Shares Pass Above Two Hundred Day Moving Average of $0.00

Hudson’s Bay Co (TSE:HBC) shares 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 traded.

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

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

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.

See Also: Cost of equity and a company’s balance sheet

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