Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$86.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by research analysts at Royal Bank of Canada from C$77.00 to C$86.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 10.28% from the company’s previous close.

Several other brokerages have also recently weighed in on TD. National Bankshares reduced their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. CIBC lowered their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. Cormark lowered their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Finally, Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$77.98 on Wednesday. The company has a market cap of C$136.47 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock’s 50-day moving average is C$77.32 and its two-hundred day moving average is C$79.26. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year 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.