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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lowered by analysts at CIBC from C$93.00 to C$90.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 22.33% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Bank of America raised their price objective on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. National Bank Financial raised Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$98.00 to C$81.00 in a research report on Friday. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given 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 price target of C$86.00.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded down C$0.45 during trading on Friday, reaching C$73.57. 5,469,216 shares of the company’s stock were exchanged, compared to its average volume of 7,397,815. The firm has a market cap of C$128.75 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.22 and a beta of 0.82. The company’s 50-day moving average is C$80.25 and its two-hundred day moving average is C$79.22. Toronto-Dominion Bank has a 52-week low of C$73.22 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.