Canaccord Genuity Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by stock analysts at Canaccord Genuity Group from C$87.00 to C$89.00 in a note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 17.88% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$88.00 to C$82.00 in a research note on Friday, October 11th. Desjardins cut Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and raised their price target for the stock from C$82.00 to C$90.00 in a research note on Thursday. Cormark decreased their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Finally, CIBC cut their price target on Toronto-Dominion Bank from C$93.00 to C$90.00 in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Stock Performance

TD stock traded down C$0.37 during midday trading on Monday, hitting C$75.50. 1,306,482 shares of the stock were exchanged, compared to its average volume of 7,406,573. The stock has a market cap of C$132.13 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.22 and a beta of 0.82. The stock’s 50-day moving average price is C$79.01 and its 200-day moving average price is C$79.14. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two 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.