On July 18, an analyst has provided a rating update for the Financial sector company, T.D. Bank (TSX: TD). The company received a Hold on July 18 from RBC Capital’s analyst Darko Mihelic, with a C$90 price target.
Mihelic has an average return of 20.5% when recommending T.D. Bank.
According to TipRanks.com, Mihelic is ranked #834 out of 4841 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for T.D. Bank with a C$84.33 average price target.
Based on T.D. Bank’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of C$12.68 billion and net profit of C$2.9 billion. In comparison, last year the company earned revenue of C$10.57 billion and had a net profit of C$2.48 billion.
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 Thursday at C$76.32, close to its 52-week high of C$77.47.
