Toronto-Dominion Bank (TSE:TD) Upgraded to Outperform at BMO Capital Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a C$90.00 target price on the stock. BMO Capital Markets’ target price points to a potential upside of 20.81% from the company’s current price.

A number of other research firms also recently weighed in on TD. Canaccord Genuity Group increased their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday. CIBC lowered their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th. Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$98.00 to C$81.00 in a research report on Friday, December 6th. Finally, National Bankshares cut their price target on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$86.50.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded down C$0.30 during mid-day trading on Thursday, hitting C$74.50. The company had a trading volume of 2,085,124 shares, compared to its average volume of 7,397,614. The company has a market capitalization of C$130.38 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm has a fifty day moving average price of C$78.59 and a 200 day moving average price of C$79.12. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99.

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.