Credit Suisse Group Increases The Toronto-Dominion Bank (TSE:TD) Price Target to C$87.00

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The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by analysts at Credit Suisse Group to C$87.00 in a report issued on Monday, Stock Target Advisor reports. The brokerage currently has a "buy" rating on the stock. Credit Suisse Group's price objective suggests a potential downside of 1.08% from the company's previous close.

Other equities analysts have also issued reports about the stock. National Bankshares upped their price target on shares of The Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the stock a "sector perform" rating in a research report on Friday, May 28th. National Bank Financial upped their price target on shares of The Toronto-Dominion Bank to C$89.00 and gave the stock a "sector perform" rating in a research report on Friday, May 28th. Scotiabank boosted their target price on shares of The Toronto-Dominion Bank from C$91.00 to C$95.00 in a report on Thursday, May 20th. Cormark boosted their target price on shares of The Toronto-Dominion Bank from C$93.00 to C$94.00 and gave the stock a "buy" rating in a report on Monday, May 31st. Finally, Royal Bank of Canada boosted their target price on shares of The Toronto-Dominion Bank from C$82.00 to C$91.00 and gave the stock a "sector perform" rating in a report on Friday, May 28th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. The Toronto-Dominion Bank has a consensus rating of "Buy" and a consensus target price of C$89.71.

Shares of TD traded down C$0.01 during mid-day trading on Monday, reaching C$87.95. The stock had a trading volume of 1,667,479 shares, compared to its average volume of 6,077,758. The firm has a market capitalization of C$159.93 billion and a price-to-earnings ratio of 11.32. The Toronto-Dominion Bank has a 12 month low of C$57.44 and a 12 month high of C$89.12. The business's fifty day moving average price is C$85.08.