Scotiabank Raises Toronto-Dominion Bank (TD) Price Target to C$87.00
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price hoisted by stock analysts at Scotiabank from C$85.00 to C$87.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 16.58% from the stock’s current price.
A number of other analysts have also recently commented on TD. Desjardins raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price target for the company from C$79.00 to C$84.00 in a research report on Friday. CSFB upped their price target on shares of Toronto-Dominion Bank from C$80.00 to C$82.00 in a research report on Friday. Eight Capital raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$76.00 to C$86.00 in a research report on Friday. National Bank Financial increased their price objective on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Finally, BMO Capital Markets increased their price objective on shares of Toronto-Dominion Bank from C$76.00 to C$79.00 in a research report on Monday, February 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Toronto-Dominion Bank presently has a consensus rating of “Buy” and a consensus target price of C$81.25.
Shares of Toronto-Dominion Bank (TSE TD) opened at C$74.63 on Friday. The company has a market cap of $137,570.00, a price-to-earnings ratio of 13.59 and a beta of 0.55. Toronto-Dominion Bank has a 1 year low of C$61.50 and a 1 year high of C$75.67.
In other news, insider Theresa Lynn Currie sold 59,560 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total transaction of C$4,326,438.40. Also, insider Robert E. Dorrance sold 374,400 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$73.69, for a total transaction of C$27,589,536.00.
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About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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