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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by stock analysts at CIBC from C$94.00 to C$96.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 10.80% from the stock’s current price.

TD has been the topic of several other research reports. Canaccord Genuity Group increased their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. UBS Group increased their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Scotiabank reduced their price target on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Desjardins lowered shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada increased their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average price target of C$88.83.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of TD opened at C$86.64 on Friday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The firm’s 50 day moving average is C$81.46 and its 200-day moving average is C$80.70. The stock has a market capitalization of C$152.00 billion, a PE ratio of 17.17, a P/E/G 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.