Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$94.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by equities researchers at CIBC from C$90.00 to C$94.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 10.61% from the company’s current price.

A number of other research firms have also recently commented on TD. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Royal Bank of Canada lifted their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. Scotiabank lifted their price objective on Toronto-Dominion Bank from C$81.00 to C$83.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. National Bankshares lowered their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Finally, Cormark lowered their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$88.75.

Toronto-Dominion Bank Trading Up 0.4 %

Shares of TSE TD traded up C$0.34 during trading on Tuesday, reaching C$84.98. 1,162,115 shares of the company traded hands, compared to its average volume of 9,512,686. The firm’s fifty day simple moving average is C$79.60 and its 200 day simple moving average is C$80.29. The stock has a market cap of C$149.09 billion, a P/E ratio of 16.84, a PEG 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.

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.