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Analysts Offer Insights on Financial Companies: Royal Bank Of Canada (RY) and Toronto Dominion Bank (TD)

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Royal Bank Of Canada (RYResearch Report) and Toronto Dominion Bank (TDResearch Report) with bullish sentiments.

Royal Bank Of Canada (RY)

CIBC analyst Paul Holden maintained a Buy rating on Royal Bank Of Canada today and set a price target of C$140.00. The company’s shares closed last Wednesday at $94.51, close to its 52-week low of $90.75.

According to TipRanks.com, Holden is a 4-star analyst with an average return of 7.3% and a 53.4% success rate. Holden covers the Financial sector, focusing on stocks such as Element Fleet Management, National Bank of Canada, and Toronto Dominion Bank.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Royal Bank Of Canada with a $105.55 average price target, which is a 13.6% upside from current levels. In a report issued on August 25, National Bank also maintained a Buy rating on the stock with a C$148.00 price target.

See today’s best-performing stocks on TipRanks >>

Toronto Dominion Bank (TD)

In a report released today, Siddharth Rajeev from Fundamental Research maintained a Buy rating on Toronto Dominion Bank, with a price target of C$100.50. The company’s shares closed last Wednesday at $64.92.

According to TipRanks.com, Rajeev is a 2-star analyst with an average return of 0.1% and a 34.2% success rate. Rajeev covers the Basic Materials sector, focusing on stocks such as Golden Minerals Co, Monarch Mining, and Newmont Mining.

Toronto Dominion Bank has an analyst consensus of Moderate Buy, with a price target consensus of $75.49, implying a 18.8% upside from current levels. In a report issued on August 26, RBC Capital also upgraded the stock to Buy with a C$106.00 price target.

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