Toronto-Dominion Bank (TSE:TD) Given New C$107.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets has raised its price target for Toronto-Dominion Bank from C$102.00 to C$107.00, suggesting a potential downside of 3.96% from the stock's previous close.
• Other analysts have also increased their price targets for TD, with Canaccord Genuity setting a new target of C$119.00 and Scotiabank at C$104.00.
• The current consensus target price for Toronto-Dominion Bank stands at C$102.67, with an average rating of "Hold" from a mix of analyst ratings.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price target raised by equities research analysts at BMO Capital Markets from C$102.00 to C$107.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets' target price suggests a potential downside of 3.96% from the stock's previous close.

TD has been the topic of a number of other reports. Canaccord Genuity Group upped their price target on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a "buy" rating in a report on Tuesday. Barclays upped their price target on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an "underweight" rating in a report on Friday, August 29th. Desjardins upped their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a "buy" rating in a report on Friday, August 29th. Scotiabank upped their price target on Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a "sector perform" rating in a report on Friday, August 29th. Finally, CIBC upped their price target on Toronto-Dominion Bank from C$109.00 to C$112.00 in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Hold" and a consensus target price of C$102.67.

Toronto-Dominion Bank Price Performance

TD stock traded up C$0.30 during midday trading on Tuesday, hitting C$111.41. The stock had a trading volume of 2,313,876 shares, compared to its average volume of 7,205,321. The firm 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. The business has a 50-day moving average of C$103.84 and a two-hundred day moving average of C$95.76. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$114.24.

Toronto-Dominion Bank Company Profile

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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