The Toronto-Dominion Bank (TD) Receives a Buy from Desjardins


Wall Street analyst has provided a review today, and retained the same rating on the stock. Analyst Douglas Young from Desjardins remains bullish on The Toronto-Dominion Bank (TD) and has a C$82 price target.

According to TipRanks.com, Young is a 3-star analyst with an average return of 2.7% and a 50.5% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Currently, the analyst consensus on The Toronto-Dominion Bank is a Moderate Buy with an average price target of C$84.67, a 21.7% upside from current levels. In a report issued on November 30, National Bank also maintained a Buy rating on the stock with a C$85 price target.

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The Toronto-Dominion Bank’s market cap is currently C$127.7B and has a P/E ratio of 11.6. The company has a Price to Book ratio of 1.72.

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 Monday at C$69.55, close to its 52-week low of C$69.21.

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