CIBC Forecasts Strong Price Appreciation for Toronto-Dominion Bank (TSE:TD) Stock

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lifted by equities researchers at CIBC from C$109.00 to C$112.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 8.57% from the stock’s current price.

Other equities analysts have also issued research reports about the company. National Bankshares raised their price objective on Toronto-Dominion Bank from C$99.00 to C$100.00 and gave the company a “sector perform” rating in a research report on Friday, August 29th. Jefferies Financial Group raised their price target on Toronto-Dominion Bank from C$103.00 to C$117.00 in a report on Wednesday, August 13th. Barclays lifted their price objective on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an “underweight” rating in a report on Friday, August 29th. Scotiabank lifted their price objective on Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the stock a “sector perform” rating in a report on Friday, August 29th. Finally, Desjardins lifted their price objective on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$100.17.

Toronto-Dominion Bank Stock Down 0.2%

Shares of TD stock opened at C$103.16 on Friday. The firm has a market capitalization of C$180.72 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.22 and a beta of 0.87. The stock has a fifty day moving average of C$101.76 and a 200 day moving average of C$93.17. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$108.68.

Insider Buying and Selling

In other Toronto-Dominion Bank news, Senior Officer Melanie Burns sold 6,272 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of C$97.46, for a total value of C$611,269.12. 0.08% of the stock is owned by company insiders.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.