CIBC Increases Toronto-Dominion Bank (TSE:TD) Price Target to C$96.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective boosted by investment analysts at CIBC from C$94.00 to C$96.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 11.23% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on TD. Scotiabank reduced their target price on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. Cormark reduced their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Royal Bank of Canada raised their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. Finally, National Bankshares reduced their price target 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 assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$88.83.

Toronto-Dominion Bank Price Performance

TSE:TD traded up C$0.03 on Friday, hitting C$86.31. 2,319,663 shares of the company’s stock were exchanged, compared to its average volume of 8,397,775. The company has a market cap of C$151.42 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99. The firm has a 50-day moving average price of C$81.23 and a 200-day moving average price of C$80.62.

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.