Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by equities researchers at Canaccord Genuity Group from C$87.00 to C$89.00 in a report released on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 18.34% from the stock’s previous close.

A number of other research firms have also commented on TD. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Cormark cut their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. CIBC cut their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. National Bankshares cut their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Finally, Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Price Performance

TD opened at C$75.21 on Monday. The company has a fifty day moving average price of C$78.81 and a 200-day moving average price of C$79.12. The firm has a market capitalization of C$131.62 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a one year low of C$73.22 and a one year 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.