Toronto Dominion Bank (The) (TD) : Analyst Rating Update

Toronto Dominion Bank (The) (TD) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Toronto Dominion Bank (The) (TD) stock is expected to deviate a maximum of $6.77 from the average target price of $48.14 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $61 and the most muted being $41.

Toronto Dominion Bank (The) (NYSE:TD): The stock opened at $42.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $42.49 for the day. The stock traded down to $41.73 during the day, due to lack of any buying support eventually closed down at $42.29 with a loss of -0.75% for the day. The stock had closed at $42.61 on the previous day. The total traded volume was 1,694,930 shares.

Also, Brokerage firm Credit Suisse upgrades its rating on Toronto Dominion Bank (The) (NYSE:TD). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 3, 2016. The company shares have rallied 5.05% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $46.22 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $43.63 and the 200 Day Moving Average price is recorded at $41.05.

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank conducts its business through segments, such as Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. Canadian Retail provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses, including credit cards, auto finance, wealth and insurance businesses. U.S. Retail consists of the Banks retail and commercial banking operations operating under the brand TD Bank, Americas Most Convenient Bank, and wealth management services in the United States. Wholesale Banking provides a range of capital markets, investment banking, and corporate banking products and services, 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 Bank is also an online financial services firm.

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