CIBC Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target boosted by analysts at CIBC from C$90.00 to C$94.00 in a research note issued on Tuesday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 10.61% from the stock’s previous close.

A number of other brokerages have also issued reports on TD. 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 research report on Thursday, December 19th. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and raised their target price for the stock from C$90.00 to C$99.00 in a research report on Tuesday. Canaccord Genuity Group raised their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. 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 research report on Wednesday, January 8th. Finally, National Bankshares decreased their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$88.75.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up C$0.34 during mid-day trading on Tuesday, reaching C$84.98. The company had a trading volume of 1,162,115 shares, compared to its average volume of 9,512,686. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99. The company has a market capitalization of C$149.09 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.22 and a beta of 0.82. The stock’s 50-day simple moving average is C$79.60 and its 200-day simple moving average is C$80.29.

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.