CIBC Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$86.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective decreased by analysts at CIBC from C$88.00 to C$86.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 5.77% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Toronto-Dominion Bank from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Thursday, November 23rd. Royal Bank of Canada cut their price target on Toronto-Dominion Bank from C$92.00 to C$87.00 and set an “outperform” rating for the company in a research note on Friday, December 1st. Desjardins lowered their price target on Toronto-Dominion Bank from C$96.00 to C$94.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Scotiabank lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$95.00 to C$86.00 in a research report on Wednesday, December 20th. Finally, Bank of America decreased their target price on shares of Toronto-Dominion Bank from C$88.00 to C$86.00 in a research report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank has a consensus rating of “Moderate Buy” and a consensus target price of C$90.22.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD traded down C$0.47 during mid-day trading on Friday, hitting C$81.31. The stock had a trading volume of 1,347,172 shares, compared to its average volume of 6,185,188. The company’s 50 day moving average is C$81.65 and its 200-day moving average is C$81.79. Toronto-Dominion Bank has a 12-month low of C$75.89 and a 12-month high of C$87.10. The company has a market cap of C$145.54 billion, a PE ratio of 12.84, a P/E/G ratio of 1.08 and a beta of 0.84.

Insider Buying and Selling at Toronto-Dominion Bank

In related news, Senior Officer Anita O’dell sold 5,760 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of C$84.45, for a total transaction of C$486,432.00. Insiders own 0.10% of the company’s stock.

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.