In a report issued on April 26, Darko Mihelic from RBC Capital maintained a Hold rating on Toronto Dominion Bank (TD – Research Report), with a price target of C$106.00. The company’s shares closed last Wednesday at $70.72.
According to TipRanks.com, Mihelic is a 4-star analyst with an average return of 8.6% and a 63.9% success rate. Mihelic covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Canadian Western Bank.
The word on The Street in general, suggests a Hold analyst consensus rating for Toronto Dominion Bank with a $84.20 average price target, implying a 18.6% upside from current levels. In a report issued on April 11, CIBC also downgraded the stock to Hold with a C$103.00 price target.
Toronto Dominion Bank’s market cap is currently $129.5B and has a P/E ratio of 11.19.
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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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