Toronto-Dominion Bank (TSE:TD) Stock Rating Upgraded by BMO Capital Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a C$90.00 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 20.81% from the stock’s previous close.

Several other research firms have also recently weighed in on TD. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$88.00 to C$82.00 in a research report on Friday, October 11th. Cormark decreased their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Desjardins lowered shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. Canaccord Genuity Group lifted their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday. Finally, National Bankshares cut their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$86.50.

Toronto-Dominion Bank Trading Down 0.4 %

TSE:TD traded down C$0.30 during mid-day trading on Thursday, hitting C$74.50. 2,085,124 shares of the company’s stock traded hands, compared to its average volume of 7,397,614. The firm has a market capitalization of C$130.38 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm has a 50 day moving average of C$78.59 and a two-hundred day moving average of C$79.12. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month 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.