Canaccord Genuity Believes T.D. Bank (TSX: TD) Won’t Stop Here

By Carrie Williams

T.D. Bank (TSX: TD), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Scott Chan CFA from Canaccord Genuity rated T.D. Bank (TSX: TD) a Buy, setting a C$85 price target.

CFA has an average return of 6.0% when recommending T.D. Bank.

According to TipRanks.com, CFA is ranked #3564 out of 4836 analysts.

Read also: Short Opportunity: LexinFintech Holdings (LX)

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for T.D. Bank with a C$82 average price target.

T.D. Bank’s market cap is currently C$140B and has a P/E ratio of 13.4. The company has a Price to Book ratio of 1.98.

The Toronto-Dominion Bank engages in providing financial products and services. It operates through the following business segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The Canadian Retail segment offers various financial products and services, as well as telephone, Internet, and mobile banking services.

The company’s shares closed on Tuesday at C$76.09, close to its 52-week high of C$77.47.