Brokerages Set Toronto-Dominion Bank (TD) Price Target at $61.86
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has received an average rating of “Buy” from the fourteen research firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$62.29.
Several research firms have commented on TD. Keefe, Bruyette & Woods raised their price objective on Toronto-Dominion Bank from C$56.00 to C$57.00 in a research report on Thursday, August 18th. CIBC raised their price objective on Toronto-Dominion Bank from C$60.00 to C$61.00 in a research report on Friday, September 2nd. Scotiabank reissued a “sector perform” rating and issued a C$60.00 price objective on shares of Toronto-Dominion Bank in a research report on Tuesday, October 25th. Bank of America Corp. raised their price objective on Toronto-Dominion Bank from C$60.00 to C$62.00 in a research report on Friday, August 26th. Finally, Desjardins raised their price objective on Toronto-Dominion Bank from C$59.00 to C$63.00 in a research report on Monday.
Toronto-Dominion Bank (TSE:TD) opened at 62.40 on Monday. Toronto-Dominion Bank has a 52-week low of $61.92 and a 52-week high of $63.27. The firm has a market capitalization of $115.74 billion and a PE ratio of 14.09. The stock’s 50 day moving average price is $59.68 and its 200 day moving average price is $57.53.
Toronto-Dominion Bank Company Profile
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.
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