Scotiabank Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective boosted by Scotiabank from C$81.00 to C$83.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 2.92% from the company’s previous close.

Other analysts also recently issued reports about the company. Canaccord Genuity Group raised their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. 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 research report on Thursday, December 19th. Barclays cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their target price 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, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$87.00.

Toronto-Dominion Bank Trading Down 1.4 %

TSE:TD traded down C$1.19 during trading hours on Wednesday, hitting C$85.50. 2,139,695 shares of the company were exchanged, compared to its average volume of 10,013,661. The stock has a market capitalization of C$149.63 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The company has a fifty day simple moving average of C$79.03 and a 200 day simple moving average of C$80.14.

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.