Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by analysts at Royal Bank of Canada from C$77.00 to C$86.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 10.28% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Barclays downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price on the stock in a research report on Thursday, December 19th. National Bankshares lowered their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Finally, CIBC lowered their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of C$86.83.

Toronto-Dominion Bank Trading Up 0.1 %

Shares of TD stock opened at C$77.98 on Wednesday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The business’s 50 day moving average is C$77.32 and its two-hundred day moving average is C$79.26. The company has a market capitalization of C$136.47 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.22 and a beta of 0.82.

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.