Toronto-Dominion Bank (TSE:TD) Given New C$86.00 Price Target at Royal Bank of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target upped by investment analysts at Royal Bank of Canada from C$77.00 to C$86.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 10.30% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. CIBC cut their target price on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$98.00 to C$81.00 in a research report on Friday, December 6th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target on the stock in a report on Thursday, December 19th. Canaccord Genuity Group boosted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. Finally, Cormark reduced 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$86.83.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded down C$0.51 on Wednesday, reaching C$77.97. The company had a trading volume of 5,499,275 shares, compared to its average volume of 17,237,260. The firm’s 50-day moving average price is C$77.32 and its two-hundred day moving average price is C$79.20. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$87.99. The firm has a market cap of C$136.45 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 1.22 and a beta of 0.82.

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.