Toronto-Dominion Bank (TSE:TD) Lowered to Hold Rating by Desjardins

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by investment analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$98.00 to C$81.00 in a report on Friday. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$88.00 to C$82.00 in a report on Friday, October 11th. Jefferies Financial Group upped their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. National Bankshares dropped their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday. Finally, BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and an average price target of C$86.00.

Toronto-Dominion Bank Trading Down 0.7 %

Toronto-Dominion Bank stock opened at C$73.51 on Thursday. The firm has a market capitalization of C$128.64 billion, a P/E ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.82. The business has a 50-day moving average of C$80.25 and a 200-day moving average of C$79.22. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99.

About Toronto-Dominion Bank

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.