Scotiabank Lowers Toronto-Dominion Bank (TSE:TD) Price Target to C$82.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective reduced by equities researchers at Scotiabank from C$83.00 to C$82.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential downside of 3.67% from the company’s previous close.

Several other analysts have also recently weighed in on TD. Desjardins cut Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. BMO Capital Markets raised shares of 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 report on Thursday, December 19th. Cormark decreased their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. National Bankshares cut their price target on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada increased their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$88.67.

Toronto-Dominion Bank Stock Down 0.5 %

TSE TD opened at C$85.12 on Thursday. The company has a market cap of C$149.33 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The business’s fifty day moving average is C$80.39 and its 200 day moving average is C$80.41.

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.