Jefferies Financial Group Upgrades Toronto-Dominion Bank (TSE:TD) to “Buy”

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a C$90.00 price target on the stock, up from their previous price target of C$82.00. Jefferies Financial Group’s target price indicates a potential upside of 18.62% from the stock’s current price.

TD has been the topic of a number of other reports. Cormark dropped their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. 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 research report on Friday, December 6th. Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada 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$88.00 to C$82.00 in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$86.67.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD opened at C$75.87 on Thursday. The stock has a market capitalization of C$132.77 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The company’s fifty day moving average is C$79.22 and its two-hundred day moving average is C$79.15.

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.