Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by stock analysts at Canaccord Genuity Group from C$87.00 to C$89.00 in a research report issued on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 18.34% from the stock’s previous close.

A number of other equities analysts also recently issued reports on TD. Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and increased their price target for the stock from C$82.00 to C$90.00 in a research note on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a research note on Monday, November 18th. Bank of America increased their price target on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. Finally, Scotiabank downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$98.00 to C$81.00 in a research note on Friday, December 6th. One research 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 company’s stock. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Trading Down 0.6 %

Shares of TSE:TD opened at C$75.21 on Monday. The company has a market cap of C$131.62 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The company has a 50-day moving average price of C$78.81 and a 200-day moving average price of C$79.12. 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.