Toronto-Dominion Bank (TSE:TD) Given New C$82.00 Price Target at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective reduced by equities researchers at Scotiabank from C$83.00 to C$82.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential downside of 3.97% from the company’s current price.

A number of other brokerages have also recently weighed in on TD. Cormark cut their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and increased their price target for the company from C$90.00 to C$99.00 in a report on Tuesday. CIBC increased their price target on shares of Toronto-Dominion Bank from C$90.00 to C$94.00 in a report on Tuesday. Barclays cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Finally, UBS Group increased their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. One equities 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of C$88.67.

Toronto-Dominion Bank Trading Down 0.2 %

TD traded down C$0.17 during midday trading on Thursday, reaching C$85.39. The company’s stock had a trading volume of 1,450,005 shares, compared to its average volume of 9,189,181. The firm has a market capitalization of C$149.81 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99. The stock’s 50-day moving average is C$80.02 and its 200-day moving average is C$80.35.

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.