CIBC Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$90.00

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price objective dropped by analysts at CIBC from C$93.00 to C$90.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 22.43% from the company's previous close.

A number of other brokerages also recently weighed in on TD. Scotiabank downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$98.00 to C$81.00 in a research report on Friday. Canaccord Genuity Group decreased their target price on Toronto-Dominion Bank from C$91.50 to C$89.00 in a report on Tuesday, November 19th. Royal Bank of Canada downgraded Toronto-Dominion Bank from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$88.00 to C$82.00 in a report on Friday, October 11th. National Bankshares reduced their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday. Finally, Jefferies Financial Group increased 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 report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$86.00.

Toronto-Dominion Bank Trading Down 0.7 %

Shares of Toronto-Dominion Bank stock traded down C$0.51 during trading on Friday, hitting C$73.51. 9,313,455 shares of the stock were exchanged, compared to its average volume of 7,415,022. The company has a fifty day moving average price of C$80.01 and a 200-day moving average price of C$79.19. The stock has a market capitalization of C$128.64 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99.

Toronto-Dominion Bank Company Profile

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.