CIBC Lowers Toronto-Dominion Bank (TSE:TD) Price Target to C$93.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price decreased by CIBC from C$96.00 to C$93.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 17.60% from the company’s previous close.

A number of other brokerages have also commented on TD. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Canaccord Genuity Group lowered their price objective on Toronto-Dominion Bank from C$91.50 to C$89.00 in a research note on Tuesday, November 19th. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. Finally, Scotiabank raised their price target on shares of Toronto-Dominion Bank from C$86.00 to C$98.00 in a research report on Monday. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of C$87.42.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$79.08 on Tuesday. The company has a 50-day simple moving average of C$80.96 and a 200-day simple moving average of C$79.16. The company has a market cap of C$138.39 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12 month low of C$73.67 and a 12 month high of C$87.99.

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.