Toronto-Dominion Bank (TSE:TD) Downgraded by Jefferies Financial Group to Hold

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Tuesday,BayStreet.CA reports. They presently have a C$99.00 price objective on the stock, up from their prior price objective of C$90.00. Jefferies Financial Group’s price objective would indicate a potential upside of 16.50% from the stock’s previous close.

Other analysts have also recently issued reports about the company. National Bankshares dropped their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday. CIBC lowered their target price on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, Canaccord Genuity Group increased their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of C$88.75.

Toronto-Dominion Bank Trading Up 0.4 %

TSE TD traded up C$0.34 on Tuesday, hitting C$84.98. 1,162,115 shares of the stock traded hands, compared to its average volume of 9,512,686. The stock has a 50-day moving average of C$79.60 and a 200 day moving average of C$80.29. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The company has a market capitalization of C$149.09 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

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.