Canaccord Genuity Group Lowers Toronto-Dominion Bank (TSE:TD) Price Target to C$87.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lowered by equities researchers at Canaccord Genuity Group from C$89.00 to C$87.00 in a note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 18.35% from the stock’s previous close.

TD has been the subject of several other research reports. Desjardins lowered their price objective on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Scotiabank lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$98.00 to C$81.00 in a research report on Friday. CIBC lowered their price objective on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. Finally, Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$86.00.

Toronto-Dominion Bank Trading Down 0.7 %

Shares of Toronto-Dominion Bank stock opened at C$73.51 on Friday. The firm has a market capitalization of C$128.64 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.22 and a beta of 0.82. The business has a fifty day simple moving average of C$80.01 and a two-hundred day simple moving average of C$79.19. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.