BMO Capital Believes T.D. Bank (TSX: TD) Still Has Room to Grow

By Carrie Williams

In a new note to investors today, an analyst has provided a rating update for the Financial sector company, T.D. Bank (TSX: TD). BMO Capital’s analyst Sohrab Movahedi reiterates their Buy rating on the shares, with a C$83 price target.

Movahedi has an average return of 17.2% when recommending T.D. Bank.

According to TipRanks.com, Movahedi is ranked #1312 out of 4874 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for T.D. Bank with a C$86 average price target, which is a 9.3% upside from current levels. In a report released today, Desjardins also maintained a Buy rating on the stock with a C$87 price target.

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The company has a one-year high of C$79.54 and a one-year low of C$66.10. Currently, T.D. Bank has an average volume of 2.72M.

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 Friday at C$78.65, close to its 52-week high of C$79.54.