The Toronto-Dominion Bank : Close to an important medium term support level
Entry price | Target | Stop-loss | Potential |
---|
CA$93.8 |
CA$107.6 |
CA$89.7 |
+14.71% |
---|
The selling pressure regarding The Toronto-Dominion Bank shares could subside shortly. In fact, the support area that is currently being tested around 93.39CAD has come into play and could, at least in the short term, keep the downside pressure at bay.
Summary● The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Over the past twelve months, analysts' opinions have been strongly revised upwards.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
Weaknesses● The potential for earnings per share (EPS) growth in the coming years appears limited according to current analyst estimates.
● The overall consensus opinion of analysts has deteriorated sharply over the past four months.
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