Toronto-Dominion Bank (TD) Given Average Recommendation of “Buy” by Brokerages
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given an average recommendation of “Buy” by the thirteen analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$73.77.
Several analysts have commented on the company. Canaccord Genuity upped their price objective on Toronto-Dominion Bank from C$74.00 to C$78.00 in a research note on Wednesday, November 1st. CIBC increased their target price on Toronto-Dominion Bank from C$73.00 to C$79.00 in a research note on Monday, November 13th. National Bank Financial raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$69.00 to C$74.00 in a research note on Thursday, August 31st. TD Securities increased their target price on Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. Finally, Scotiabank increased their target price on Toronto-Dominion Bank from C$73.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Friday, September 1st.
Toronto-Dominion Bank (TSE TD) traded down C$1.81 on Thursday, reaching C$73.24. The company’s stock had a trading volume of 8,363,115 shares, compared to its average volume of 3,626,976. Toronto-Dominion Bank has a 12-month low of C$61.50 and a 12-month high of C$75.09.
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About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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