Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$95.00 by Analysts at CIBC

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price target reduced by equities researchers at CIBC from C$96.00 to C$95.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC's target price would suggest a potential upside of 11.01% from the company's current price.

Several other research analysts also recently weighed in on TD. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 target price for the company in a research note on Thursday, December 19th. Barclays downgraded Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Jefferies Financial Group downgraded Toronto-Dominion Bank from a "buy" rating to a "hold" rating and increased their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. National Bankshares dropped their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Finally, Cormark dropped their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$88.75.

Remove Ads

Toronto-Dominion Bank Trading Up 1.0 %

Toronto-Dominion Bank stock traded up C$0.85 during mid-day trading on Thursday, hitting C$85.58. The company had a trading volume of 4,991,858 shares, compared to its average volume of 8,136,942. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The company's fifty day moving average is C$82.38 and its 200-day moving average is C$80.90. The company has a market capitalization of C$150.14 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.22 and a beta of 0.82.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Director Theresa Lynn Currie sold 45,172 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the sale, the director now owns 163 shares of the company's stock, valued at approximately C$14,099.50. This trade represents a 99.64 % decrease in their position. 0.08% of the stock is owned by corporate insiders.

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.