Just How Positive is Canaccord Genuity on TD Bank (TSE:TD) Following Their Upgrade?


TD Bank (TSE:TD) Stock Upgrade

TD Bank (TSE:TD) was raised by Canaccord Genuity from a “Hold” rating to a solid “Buy” rating in a very recent research note issued to clients on Wednesday, 9 December.

From a total of 16 analysts covering Toronto-Dominion Bank (TSE:TD) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $47.9 while the lowest target price is $38.17. The mean of all analyst targets is $43.97 with a 7.63% above today’s ($53.89) stock price. Toronto-Dominion Bank was the topic of 6 analyst reports since August 29, 2015 according to the firm StockzIntelligence Inc.

Approximately 2.89 million shares of stock traded hands or 32.57% up from the average. Toronto-Dominion Bank (TSE:TD) has declined 3.78% since May 6, 2015 and is downtrending. It has underperformed by 2.99% the S&P500.

 Just How Positive is Canaccord Genuity on TD Bank (TSE:TD) Following Their Upgrade?

The Toronto-Dominion Bank operates as a bank in North America. The company has a market cap of $100.03 billion. The Bank conducts its business through divisions, such as Canadian Retail, U.S. It has 12.79 P/E ratio. Retail, Wholesale Banking and Corporate.

According to Zacks Investment Research, “Toronto Dominion Bank is a Canadian chartered bank and offers a wide range of business and consumer services. These services include checking and savings accounts, credit cards, mortgage and student loans,trusts, wills, estate planning,investment management services and financial and advisory services.” Get a free copy of the Zacks research report on Toronto-Dominion Bank (TD).