CIBC Forecasts Strong Price Appreciation for Toronto-Dominion Bank (TSE:TD) Stock

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price increased by analysts at CIBC from C$94.00 to C$96.00 in a research note issued on Friday,BayStreet.CA reports. CIBC's price objective suggests a potential upside of 11.23% from the company's previous close.

Several other research analysts also recently weighed in on the company. Barclays downgraded Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a "sector perform" rating in a report on Wednesday, January 8th. Cormark cut their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a research note on Thursday, December 5th. Finally, UBS Group boosted their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$88.83.

Toronto-Dominion Bank Trading Down 0.4 %

Shares of TD stock traded down C$0.33 during mid-day trading on Friday, reaching C$86.31. The stock had a trading volume of 3,140,212 shares, compared to its average volume of 8,358,026. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The firm has a market cap of C$151.42 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.22 and a beta of 0.82. The business's fifty day moving average is C$81.46 and its 200-day moving average is C$80.70.

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.