CIBC Lowers Toronto-Dominion Bank (TSE:TD) Price Target to C$95.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by CIBC from C$96.00 to C$95.00 in a research note issued on Thursday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 11.01% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Cormark lowered their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. National Bankshares decreased their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price for the company in a research report on Thursday, December 19th. Finally, Scotiabank decreased their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$88.75.

Toronto-Dominion Bank Trading Up 1.0 %

TD stock opened at C$85.58 on Thursday. The company has a market capitalization of C$150.14 billion, a PE ratio of 16.96, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The business’s fifty day moving average price is C$82.38 and its 200 day moving average price is C$80.90.

Insider Activity at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 45,172 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the completion of the transaction, the director now directly owns 163 shares of the company’s stock, valued at C$14,099.50. This trade represents a 99.64 % decrease in their position. 0.08% of the stock is currently owned by company insiders.

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.