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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price boosted by investment analysts at Scotiabank from C$81.00 to C$83.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 2.92% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada raised 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. Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. National Bankshares decreased their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective for the company in a report on Thursday, December 19th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$87.00.

Toronto-Dominion Bank Trading Down 1.4 %

TD traded down C$1.19 during trading on Wednesday, hitting C$85.50. 2,139,695 shares of the company traded hands, compared to its average volume of 10,013,661. The company has a market cap of C$149.63 billion, a PE ratio of 19.79, a P/E/G ratio of 1.22 and a beta of 0.82. The stock’s 50-day simple moving average is C$79.03 and its two-hundred day simple moving average is C$80.14. 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.