CIBC Lowers Toronto-Dominion Bank (TSE:TD) Price Target to C$90.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by investment analysts at CIBC from C$93.00 to C$90.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 22.43% from the company’s previous close.

Several other research firms have also issued reports on TD. Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Canaccord Genuity Group lowered their price target on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a report on Tuesday, November 19th. Scotiabank lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$98.00 to C$81.00 in a report on Friday. Bank of America raised their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. Finally, National Bankshares dropped their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$86.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$73.51 on Friday. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The firm has a 50 day moving average price of C$80.01 and a two-hundred day moving average price of C$79.19. The firm has a market cap of C$128.64 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.82.

About Toronto-Dominion Bank

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.