Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price hoisted by analysts at Canaccord Genuity Group from C$113.00 to C$119.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 6.81% from the company's current price.
A number of other equities research analysts have also recently weighed in on the stock. Scotiabank lifted their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a "sector perform" rating in a research note on Friday, August 29th. Desjardins lifted their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Barclays lifted their target price on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an "underweight" rating in a research note on Friday, August 29th. CIBC lifted their target price on Toronto-Dominion Bank from C$109.00 to C$112.00 in a research note on Friday, September 5th. Finally, National Bankshares set a C$100.00 price target on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research note on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus price target of C$102.67.
Check Out Our Latest Research Report on Toronto-Dominion Bank
Toronto-Dominion Bank Price Performance
TD traded up C$0.30 during trading hours on Tuesday, hitting C$111.41. 2,313,876 shares of the stock were exchanged, compared to its average volume of 7,205,321. The stock has a 50-day simple moving average of C$103.84 and a 200-day simple moving average of C$95.76. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$114.24. The stock has a market cap of C$195.17 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 1.22 and a beta of 0.87.
Toronto-Dominion Bank Company Profile
(
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Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.
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