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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective cut by analysts at CIBC from C$96.00 to C$93.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 18.97% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group raised their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Canaccord Genuity Group reduced their price objective on Toronto-Dominion Bank from C$91.50 to C$89.00 in a research note on Tuesday, November 19th. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$88.00 to C$82.00 in a research note on Friday, October 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$87.42.

Toronto-Dominion Bank Price Performance

TSE TD traded up C$0.36 during trading on Tuesday, hitting C$78.17. The company’s stock had a trading volume of 1,521,772 shares, compared to its average volume of 7,412,130. The company has a market cap of C$136.80 billion, a PE ratio of 18.07, a P/E/G ratio of 1.22 and a beta of 0.82. The business’s 50 day simple moving average is C$81.21 and its 200-day simple moving average is C$79.13. Toronto-Dominion Bank has a fifty-two week low of C$73.67 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.