Credit Suisse Group raises Toronto-Dominion Bank (TSE: TD) price target to C $ 87.00



The Toronto-Dominion Bank (TSE: TD) (NYSE: TD) saw its price target raised by analysts at Credit Suisse Group to C $ 87.00 in a report released on Monday, Target equity advisor reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price target suggests a potential decline of 1.08% from the company’s previous close.

Other stock analysts have also published reports on the stock. National Bankshares raised its price target for Toronto-Dominion Bank shares from C $ 87.00 to C $ 89.00 and assigned the stock a “sector performance” rating in a research report released on Friday May 28. National Bank Financial raised its target price for Toronto-Dominion Bank shares to C $ 89.00 and assigned the stock a “sector performance” rating in a research report published on Friday, May 28. Scotiabank raised its target price for The Toronto-Dominion Bank shares from C $ 91.00 to C $ 95 in a report released Thursday, May 20. Cormark increased its target price for Toronto-Dominion Bank shares from C $ 93.00 to C $ 94.00 and assigned a “buy” rating to the stock in a report released on Monday, May 31. Finally, the Royal Bank of Canada increased its target price on Toronto-Dominion Bank shares from C $ 82.00 to C $ 91.00 and assigned the stock a “sector performance” rating in a report. published on Friday, May 28. Four research analysts rated the stock with a conservation rating, five gave a buy rating, and one gave the company’s stock a strong buy rating. The Toronto-Dominion Bank has a consensus rating of “Buy” and a consensus target price of C $ 89.71.

Actions of TD traded down C $ 0.01 midday Monday, reaching C $ 87.95. The stock had a trading volume of 1,667,479 shares, compared to its average volume of 6,077,758. The company has a market capitalization of 159.93 billion Canadian dollars and a price / earnings ratio of 11.32. The Toronto-Dominion Bank has a 12-month low of C $ 57.44 and a 12-month high of C $ 89.12. The company’s fifty-day moving average price is C $ 85.08.

Separately, senior officer Riaz Ahmed sold 26,312 shares of the company in a trade on Monday, May 31. The shares were sold at an average price of C $ 87.61, for a total transaction of C $ 2,305,194.32. As a result of the sale, the insider now owns 351,232 shares of the company, valued at C $ 30,771,435.52. Additionally, senior officer Robert E. Dorrance sold 138,372 shares of the company in a trade on Wednesday, June 2. The shares were sold at an average price of C $ 87.48, for a total transaction of C $ 12,104,782.56. As a result of the sale, the insider now directly owns 569,584 shares of the company, valued at approximately C $ 49,827,208.32.

The Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, offers a variety of personal and commercial banking products and services in Canada and the United States. The company operates in three segments: retail banking in Canada, retail services in the United States and wholesale banking. It offers personal deposits, such as checking, savings and investment products; financing, investment, treasury management, international trade and day-to-day business banking services; point-of-sale customer financing options for automobile and recreational vehicle purchases through an automobile dealer network; credit card; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to individual and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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