Toronto-Dominion Bank (TSE:TD) Stock Rating Upgraded by BMO Capital Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday, MarketBeat reports. The firm presently has a C$90.00 price objective on the stock. BMO Capital Markets’ target price would suggest a potential upside of 19.95% from the company’s current price.

Several other equities analysts have also commented on the company. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and raised their price target for the company from C$82.00 to C$90.00 in a research note on Thursday, December 12th. Bank of America raised their target price on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. Canaccord Genuity Group upped their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. Scotiabank downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$98.00 to C$81.00 in a research note on Friday, December 6th. Finally, CIBC reduced their price objective on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$86.50.

Toronto-Dominion Bank Stock Up 1.1 %

TD opened at C$75.03 on Thursday. The stock’s fifty day moving average is C$78.11 and its two-hundred day moving average is C$79.11. The company has a market capitalization of C$131.30 billion, a P/E ratio of 17.37, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week 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.