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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective reduced by investment analysts at CIBC from C$96.00 to C$93.00 in a report released on Tuesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 17.60% from the company’s current price.

Several other analysts have also recently commented on the company. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. Bank of America raised their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research report on Friday, August 23rd. National Bank Financial raised shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 22nd. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and increased their price target for the company from C$74.00 to C$78.00 in a research note on Friday, August 23rd. Finally, Canaccord Genuity Group dropped their price objective on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$87.42.

Toronto-Dominion Bank Price Performance

TSE TD opened at C$79.08 on Tuesday. The stock’s 50 day simple moving average is C$80.96 and its 200 day simple moving average is C$79.16. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$87.99. The firm has a market cap of C$138.39 billion, a PE ratio of 18.31, 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.