The stock of Toronto-Dominion Bank (TSE:TD) hit a new 52-week high and has $100.31 target or 63.00% above today’s $61.54 share price. The 9 months bullish chart indicates low risk for the $116.73B company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $100.31 price target is reached, the company will be worth $73.54B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 508,389 shares traded hands. Toronto-Dominion Bank (TSE:TD) has risen 14.27% since April 7, 2016 and is uptrending. It has outperformed by 8.13% the S&P500.
Toronto-Dominion Bank (TSE:TD) Ratings Coverage
Out of 6 analysts covering Toronto-Dominion Bank (TSE:TD), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. $69 is the highest target while $44 is the lowest. The $61.58 average target is 0.06% above today’s ($61.54) stock price. Toronto-Dominion Bank has been the topic of 26 analyst reports since August 29, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of TD in a report on Tuesday, October 25 with “Outperform” rating. RBC Capital Markets maintained Toronto-Dominion Bank (TSE:TD) rating on Wednesday, November 2. RBC Capital Markets has “Outperform” rating and $65 price target. As per Wednesday, September 21, the company rating was maintained by Dundee Securities. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, October 25. RBC Capital Markets maintained it with “Outperform” rating and $61;51 target price in Friday, May 27 report. On Wednesday, December 9 the stock rating was upgraded by Canaccord Genuity to “Buy”.
More notable recent Toronto-Dominion Bank (TSE:TD) news were published by: Business.Financialpost.com which released: “Toronto-Dominion Bank raising rates, variable rate mortgage customers to face …” on November 01, 2016, also Bloomberg.com with their article: “TD Ameritrade, TD Bank Said Near $4 Billion Scottrade Deal” published on October 23, 2016, Stltoday.com published: “TD Ameritrade said to join with Toronto-Dominion Bank to bid for Scottrade” on October 20, 2016. More interesting news about Toronto-Dominion Bank (TSE:TD) were released by: Fool.ca and their article: “Toronto-Dominion Bank: The Right Time to Buy?” published on October 31, 2016 as well as Fool.ca‘s news article titled: “Why Toronto-Dominion Bank Is the Best of the Big 5” with publication date: October 28, 2016.
The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $116.73 billion. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. It has a 13.88 P/E ratio. The Company’s divisions include Canadian Retail, U.S.
TD.TO Company Profile
The Toronto-Dominion Bank (the Bank), incorporated on June 22, 1998, operates as a bank in North America. The Bank is an online financial services firm, with approximately 10.2 million online and mobile customers. The Bank conducts its business through the divisions, which include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial services and products to clients in the Canadian personal and commercial banking businesses. The U.S. Retail segment consists of the Bank’s retail and commercial banking activities operating under the brand TD Bank, and wealth management services in the United States. The Wholesale Banking segment provides a range of capital markets, investment banking, and corporate banking services and products, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding and investment needs of its clients. The Corporate segment includes the impact of treasury and balance sheet management activities.
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