Toronto-Dominion Bank (TSE:TD) Cut to "Hold" at Jefferies Financial Group

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD was downgraded by Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued on Tuesday,BayStreet.CA reports. They presently have a C$99.00 price objective on the stock, up from their prior price objective of C$90.00. Jefferies Financial Group's price objective would suggest a potential upside of 15.67% from the stock's previous close.

A number of other equities research analysts have also weighed in on the stock. Scotiabank upped their target price on shares of Toronto-Dominion Bank from C$81.00 to C$83.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Barclays lowered shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. CIBC lowered their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a report on Friday, December 6th. Royal Bank of Canada upped their target price on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 8th. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 target price on the stock in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and a consensus price target of C$88.67.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up C$0.03 on Tuesday, reaching C$85.59. 4,469,900 shares of the company were exchanged, compared to its average volume of 9,277,932. The company has a market cap of C$150.16 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.22 and a beta of 0.82. The company has a 50-day moving average of C$80.02 and a 200-day moving average of C$80.35. Toronto-Dominion Bank has a one year low of C$73.22 and a one 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.