Canaccord Genuity Group Has Lowered Expectations for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by equities researchers at Canaccord Genuity Group from C$89.00 to C$87.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 18.35% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on TD. CIBC cut their price target on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$98.00 to C$81.00 in a research note on Friday. National Bank Financial raised Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group lifted their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Bank of America lifted their price objective on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$86.00.

Toronto-Dominion Bank Stock Down 0.7 %

Toronto-Dominion Bank stock opened at C$73.51 on Friday. The business has a 50-day simple moving average of C$80.01 and a two-hundred day simple moving average of C$79.19. The company has a market cap of C$128.64 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week 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.