CIBC Has Lowered Expectations for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective decreased by CIBC from C$96.00 to C$93.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 18.97% from the company’s current price.

Several other equities research analysts also recently commented on TD. Canaccord Genuity Group dropped their price objective on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a report on Tuesday, November 19th. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price target on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and an average price target of C$87.42.

Toronto-Dominion Bank Stock Up 0.5 %

TD stock traded up C$0.36 during midday trading on Tuesday, reaching C$78.17. 1,521,772 shares of the company’s stock traded hands, compared to its average volume of 7,412,130. The company has a market cap of C$136.80 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.22 and a beta of 0.82. The firm’s fifty day moving average price is C$81.21 and its 200-day moving average price is C$79.13. Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week 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.