Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Barclays Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price increased by stock analysts at Barclays from C$100.00 to C$114.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective points to a potential downside of 2.25% from the stock’s current price.

TD has been the topic of several other research reports. National Bankshares set a C$100.00 price target on Toronto-Dominion Bank and gave the company a “sector perform” rating in a report on Monday, September 22nd. CIBC raised their target price on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. Royal Bank Of Canada raised shares of Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$93.00 to C$120.00 in a research report on Friday, October 3rd. Canaccord Genuity Group raised their price target on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group lifted their price objective on Toronto-Dominion Bank from C$120.00 to C$124.00 in a research note on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has an average rating of “Hold” and an average target price of C$108.58.

Toronto-Dominion Bank Trading Up 0.9%

TSE TD traded up C$1.03 during trading on Monday, hitting C$116.62. 1,702,164 shares of the company traded hands, compared to its average volume of 7,223,779. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$116.73. The business has a fifty day simple moving average of C$112.31 and a 200 day simple moving average of C$103.66. The company has a market capitalization of C$199.09 billion, a P/E ratio of 9.98, a PEG ratio of 1.22 and a beta of 0.96.

Insider Activity

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff bought 1,000 shares of the stock in a transaction dated Monday, October 6th. The stock was bought at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the completion of the purchase, the director owned 3,292 shares in the company, valued at C$370,810.88. This represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 7,328 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the transaction, the insider owned 800 shares in the company, valued at approximately C$89,656. This trade represents a 90.16% decrease in their position. Insiders have sold 84,384 shares of company stock worth $9,456,915 over the last ninety days. Insiders own 0.08% of the company’s stock.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.