Q: Hi, looking at the 5 and 10 year charts as well as the current price targets it looks like TD is overvalued. Despite being a solid company should I stick with it and it's solid dividend or consider moving to another stock. Please recommend some from your dividend or balanced portfolios? Thanks.
5i Research Answer:
We cannot personalize answers but we would be fully comfortable keeping TD for income and some growth. We would not expect 70%+ returns as in the last year but at 14X earnings and a 3.3% yield we continue to see it as attractive.