Hudson’s Bay (TSE:HBC) Shares Cross Above 200 Day Moving Average of $0.00

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Hudson’s Bay Co (TSE:HBC)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Several brokerages have recently issued reports on HBC. CIBC upgraded shares of Cornerstone Progressive Return Fund from an “average” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, June 18th. TD Securities raised 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 note on Friday, June 14th. National Bank Financial restated an “outperform” rating and issued a C$30.00 price objective on shares of Northview Apartment REIT in a research note on Tuesday, June 11th. Cowen raised their price objective on shares of Hudson’s Bay from C$10.00 to C$12.00 in a research note on Friday, June 14th. Finally, Royal Bank of Canada upgraded shares of Viacom from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $36.00 in a research note on Thursday, April 4th.

The firm has a 50 day simple moving average of C$8.64. The company has a market cap of $1.85 billion and a price-to-earnings ratio of 34.90. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 382.71.

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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