Toronto-Dominion Bank (TSE:TD) Rating Lowered to “Sector Perform” at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Friday,BayStreet.CA reports. They currently have a C$81.00 price target on the stock, down from their prior price target of C$98.00. Scotiabank’s target price points to a potential upside of 10.19% from the company’s previous close.

TD has been the topic of a number of other research reports. Jefferies Financial Group upped their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. CIBC lowered their target price on Toronto-Dominion Bank from C$96.00 to C$93.00 in a research note on Tuesday, November 26th. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, Desjardins lowered their price target on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of C$86.00.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$73.51 on Friday. The stock’s 50-day simple moving average is C$80.01 and its 200-day simple moving average is C$79.19. The firm has a market capitalization of C$128.64 billion, a PE ratio of 17.02, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week 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.