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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price cut by equities research analysts at CIBC from C$96.00 to C$95.00 in a report issued on Thursday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 11.78% from the company’s previous close.

A number of other brokerages also recently commented on TD. 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 note on Thursday, December 19th. UBS Group raised their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Scotiabank decreased their target price 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. National Bankshares dropped their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Finally, Cormark reduced their price target on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$88.75.

Toronto-Dominion Bank Trading Up 0.1 %

TD stock opened at C$84.99 on Thursday. The company has a market cap of C$149.11 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock has a 50-day moving average price of C$82.03 and a two-hundred day moving average price of C$80.83. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99.

Insider Transactions at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 45,172 shares of the company’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 transaction of C$3,907,378.00. Following the sale, the director now directly owns 163 shares of the company’s stock, valued at approximately C$14,099.50. This represents a 99.64 % decrease in their position. Insiders own 0.08% of the company’s stock.

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.