Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$86.00 at Royal Bank of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by equities researchers at Royal Bank of Canada from C$77.00 to C$86.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 10.30% from the stock’s current price.

Several other analysts have also commented on TD. National Bankshares lowered their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Jefferies Financial Group raised Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price target for the stock from C$82.00 to C$90.00 in a research note on Thursday, December 12th. Cormark lowered their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. Finally, CIBC lowered their price target on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and an average price target of C$86.83.

Toronto-Dominion Bank Stock Performance

TD stock traded down C$0.51 on Wednesday, reaching C$77.97. The company’s stock had a trading volume of 5,499,275 shares, compared to its average volume of 17,237,260. The firm has a market cap of C$136.45 billion, a PE ratio of 18.05, a PEG ratio of 1.22 and a beta of 0.82. The business has a fifty day simple moving average of C$77.32 and a two-hundred day simple moving average of C$79.20. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month 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.