RBC Capital Raises Toronto-Dominion Bank (TD) Price Target to C$51.00
Toronto-Dominion Bank (TSE:TD) had its target price boosted by RBC Capital to C$51.00 in a research report issued to clients and investors on Saturday, StockTargetPrices.com reports. RBC Capital’s target price suggests a potential downside of 11.57% from the company’s previous close.
Toronto-Dominion Bank (TSE:TD) opened at 57.67 on Friday. The stock’s 50 day moving average price is $55.95 and its 200-day moving average price is $54.10. Toronto-Dominion Bank has a 12 month low of $47.75 and a 12 month high of $58.13. The stock has a market cap of $106.71 billion and a price-to-earnings ratio of 13.44.
Several other equities analysts have also recently issued reports on the company. National Bank Financial lowered their price target on Toronto-Dominion Bank from C$59.00 to C$56.00 in a research report on Wednesday, February 10th. Keefe, Bruyette & Woods lowered their price target on Toronto-Dominion Bank from C$55.00 to C$52.00 in a research report on Friday, February 19th. Barclays lowered their price target on Toronto-Dominion Bank from C$51.00 to C$44.00 in a research report on Wednesday, February 17th. CIBC lifted their target price on Toronto-Dominion Bank from C$57.00 to C$58.00 in a report on Thursday, March 3rd. Finally, Scotiabank decreased their target price on Toronto-Dominion Bank from C$58.00 to C$57.00 and set a “sector perform” rating on the stock in a report on Friday, February 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$57.46.
The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses.