Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Scotiabank Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price boosted by investment analysts at Scotiabank from C$86.00 to C$98.00 in a research note issued on Monday,BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 24.60% from the stock’s previous close.

TD has been the topic of several other reports. Desjardins decreased their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, August 23rd. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Royal Bank of Canada downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$88.00 to C$82.00 in a report on Friday, October 11th. CIBC reduced their price target on shares of Toronto-Dominion Bank from C$100.00 to C$96.00 in a report on Friday, October 11th. Finally, BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$87.67.

Toronto-Dominion Bank Trading Up 0.2 %

TD stock traded up C$0.14 on Monday, hitting C$78.65. The company had a trading volume of 1,449,329 shares, compared to its average volume of 7,400,930. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99. The stock’s 50-day simple moving average is C$81.33 and its 200 day simple moving average is C$79.11. The stock has a market cap of C$137.64 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, August 22nd. The company reported C$2.05 earnings per share for the quarter, missing the consensus estimate of C$2.07 by C($0.02). The business had revenue of C$14.18 billion for the quarter, compared to analysts’ expectations of C$14.12 billion. Toronto-Dominion Bank had a return on equity of 7.33% and a net margin of 15.72%. Research analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

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.