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Canaccord Genuity announced TD Bank (TSE:TD), bumping up its stock price target to $63.00 today

Yesterday TD Bank (TSE:TD) traded 0.30% higher at $63.51. The company’s 50-day moving average is $60.83 and its 200-day moving average is $57.95. The last closing price is up 10.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 1,756,828 shares of the stock traded hands, down from an average trading volume of 2,457,730

In a report issued 11/22/2016 Canaccord Genuity bumped up the target of TD Bank (TSE:TD) from $59.00 to $63.00 indicating a possible downside of -0.01%.

Previously on 11/21/2016, Barclays Capital reported on TD Bank (TSE:TD) increased the target price from $55.00 to $58.00. At the time, this indicated a possible downside of -0.08%.

See Chart Below

TD Bank (TSE:TD)

TD Bank has a 52 week low of $48.52 and a 52 week high of $64.59 with a P/E ratio of 14.52 The company’s market cap is currently $0.

In addition to Canaccord Genuity reporting its stock price target, a total of 18 brokers have issued a research note on the company. The average stock price target is $47.12 with 3 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 7 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About TD Bank (TSE:TD)

The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Bank is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses. The U.S. Retail segment consists of its retail and commercial banking operations operating under the brand TD Bank, and wealth management services in the United States. The Wholesale Banking segment 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 Corporate segment provides centralized advice and counsel to its businesses.

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