Barclays Sticks to Its Buy Rating for Toronto Dominion Bank (TD)

In a report released on August 25, John Aiken from Barclays maintained a Buy rating on Toronto Dominion Bank (TDResearch Report), with a price target of C$101.00. The company’s shares closed yesterday at $66.60.

According to TipRanks, Aiken is an analyst with an average return of -2.9% and a 43.60% success rate. Aiken covers the Financial sector, focusing on stocks such as Sun Life Financial, Bank Of Nova Scotia, and Canadian Bank of Commerce.

Currently, the analyst consensus on Toronto Dominion Bank is a Hold with an average price target of $76.47, implying a 14.82% upside from current levels. In a report released yesterday, RBC Capital also upgraded the stock to a Buy with a C$106.00 price target.

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Based on Toronto Dominion Bank’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $11.17 billion and a net profit of $3.81 billion. In comparison, last year the company earned a revenue of $10.12 billion and had a net profit of $3.7 billion

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Incorporated in 1955, The Toronto-Dominion Bank is a leading provider of financial products and services in Canada. It is the sixth largest bank in North America by
branches and serves over 26 million customers. It operates through Canadian Retail, U.S. Retail, and Wholesale Banking segments.

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