NBF Boosts Toronto-Dominion Bank Price Target to C$61.00 (TD)
Analysts at NBF increased their price objective on shares of Toronto-Dominion Bank (TSE:TD) from C$59.00 to C$61.00 in a research report issued to clients and investors on Friday. NBF’s target price would indicate a potential upside of 6.31% from the company’s current price.
Toronto-Dominion Bank (TSE:TD) opened at 57.38 on Friday. Toronto-Dominion Bank has a 52-week low of $44.18 and a 52-week high of $58.20. The stock’s 50-day moving average is $56. and its 200-day moving average is $53.29. The company has a market cap of $105.7 billion and a price-to-earnings ratio of 15.36.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Investors of record on Friday, October 3rd will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.28%.
A number of other firms have also recently commented on TD. Analysts at Barclays raised their price target on shares of Toronto-Dominion Bank from C$56.00 to C$59.00 in a research note on Tuesday, August 19th. They now have an “equal weight” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Toronto-Dominion Bank from C$51.00 to C$61.00 in a research note on Tuesday, August 19th. They now have a “market perform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Toronto-Dominion Bank from C$58.00 to C$62.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$66.96.
The Toronto-Dominion Bank, is a Canada-based bank, offering a range of financial products and services through TD Canada Trust, TD Bank, TD commercial Bank, TD commercial Banking and TD Auto finance.
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