Toronto-Dominion Bank (TSE:TD) Upgraded at Royal Bank Of Canada

Key Points

• Toronto-Dominion Bank was upgraded by Royal Bank Of Canada from a "sector perform" rating to an "outperform" rating, with a target price increase from C$93.00 to C$120.00.
• The bank's shares rose by 1.9% to C$113.28, indicating a strong trading activity with 8,787,009 shares exchanged.
• Currently, the stock has a consensus "Hold" rating, with five analysts issuing a "Buy" rating and a consensus price target of C$105.50.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD was upgraded by investment analysts at Royal Bank Of Canada from a "sector perform" rating to an "outperform" rating in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a C$120.00 target price on the stock, up from their previous target price of C$93.00. Royal Bank Of Canada's price objective would suggest a potential upside of 5.93% from the stock's previous close.

Other research analysts have also issued research reports about the stock. National Bankshares set a C$100.00 target price on shares of Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research report on Monday, September 22nd. Desjardins upped their price target on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Jefferies Financial Group upped their price target on shares of Toronto-Dominion Bank from C$120.00 to C$124.00 in a report on Tuesday. Scotiabank increased 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. Finally, Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a "buy" rating in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Toronto-Dominion Bank has a consensus rating of "Hold" and a consensus price target of C$105.50.

Toronto-Dominion Bank Trading Up 1.9%

Shares of TSE:TD traded up C$2.14 on Friday, reaching C$113.28. 8,787,009 shares of the company's stock were exchanged, compared to its average volume of 7,244,201. The company has a fifty day moving average of C$104.40 and a 200-day moving average of C$96.15. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$114.24. The company has a market capitalization of C$198.45 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 1.22 and a beta of 0.87.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.