CIBC Lowers Toronto-Dominion Bank (TSE:TD) Price Target to C$94.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective dropped by analysts at CIBC from C$95.00 to C$94.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 1.17% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Scotiabank upgraded Toronto-Dominion Bank to a “hold” rating in a research report on Wednesday, May 14th. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research report on Thursday. Jefferies Financial Group downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and upped their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. Finally, UBS Group increased their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$88.67.

Toronto-Dominion Bank Stock Performance

TSE:TD opened at C$92.91 on Thursday. The stock has a fifty day moving average price of C$86.01 and a two-hundred day moving average price of C$82.41. The stock has a market capitalization of C$163.00 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$93.83.

Insider Buying and Selling

In other Toronto-Dominion Bank news, Director Ana Arsov acquired 3,483 shares of the company’s stock in a transaction on Friday, April 11th. The shares were bought at an average cost of C$80.24 per share, for a total transaction of C$279,475.92. Also, Director Ajay Kumar Virmani acquired 24,636 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were acquired at an average price of C$81.22 per share, for a total transaction of C$2,000,935.92. 0.08% of the stock is currently owned by corporate insiders.

Toronto-Dominion Bank Company Profile

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.