There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Toronto Dominion Bank (TD) and Cronos Group (CRON) with bullish sentiments.
Toronto Dominion Bank (TD)
Scotiabank analyst Sumit Malhotra maintained a Buy rating on Toronto Dominion Bank today and set a price target of C$68.00. The company’s shares closed last Tuesday at $42.39.
According to TipRanks.com, Malhotra is a 5-star analyst with an average return of 11.8% and a 71.7% success rate. Malhotra covers the Financial sector, focusing on stocks such as National Bank of Canada, Canadian Western Bank, and Laurentian Bank.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toronto Dominion Bank with a $49.81 average price target, representing a 21.8% upside. In a report issued on March 17, Barclays also maintained a Buy rating on the stock with a C$62.00 price target.
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Cronos Group (CRON)
Raymond James analyst Rahul Sarugaser maintained a Buy rating on Cronos Group today and set a price target of C$10.50. The company’s shares closed last Tuesday at $5.67, close to its 52-week low of $4.00.
According to TipRanks.com, Sarugaser is ranked #4319 out of 6216 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cronos Group with a $8.56 average price target, a 44.6% upside from current levels. In a report issued on March 18, MKM Partners also reiterated a Buy rating on the stock with a C$11.00 price target.
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