The Toronto-Dominion Bank (TD), was revisited on November 30, and remains undervalued for at least one analyst on the street. The company received a Buy on November 30 from Scotiabank’s analyst Sumit Malhotra, with a C$88 price target.
According to TipRanks.com, Malhotra is a 4-star analyst with an average return of 5.0% and a 53.9% success rate. Malhotra covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
The Toronto-Dominion Bank has an analyst consensus of Moderate Buy, with a price target consensus of C$83.60, representing a 13.6% upside. In a report issued on November 22, Canaccord Genuity also maintained a Buy rating on the stock with a C$83 price target.
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The Toronto-Dominion Bank’s market cap is currently C$134.3B and has a P/E ratio of 12.2. The company has a Price to Book ratio of 1.87.
The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following business segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.
The company’s shares closed on Friday at C$73.56.
