Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$100.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lifted by investment analysts at CIBC from C$88.00 to C$100.00 in a research report issued on Friday, BayStreet.CA reports. CIBC’s target price points to a potential upside of 22.47% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. BMO Capital Markets cut their target price on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a “market perform” rating on the stock in a research note on Friday, May 24th. Royal Bank of Canada cut their price objective on shares of Toronto-Dominion Bank from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a research note on Friday, August 23rd. Jefferies Financial Group lifted their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Cibc World Mkts upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 24th. Finally, UBS Group set a C$82.00 price objective on shares of Toronto-Dominion Bank and gave the company a “neutral” rating in a research note on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.19.

Toronto-Dominion Bank Stock Performance

Shares of TD stock traded down C$0.12 during mid-day trading on Friday, reaching C$81.65. 1,936,464 shares of the company were exchanged, compared to its average volume of 6,926,650. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$86.89. The company has a market capitalization of C$142.89 billion, a P/E ratio of 18.88, a P/E/G ratio of 1.08 and a beta of 0.82. The business’s 50 day simple moving average is C$78.97 and its 200 day simple moving average is C$78.75.

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.