Barclays Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by stock analysts at Barclays from C$118.00 to C$133.00 in a note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s target price points to a potential upside of 1.39% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. UBS Group upped their price target on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Canadian Imperial Bank of Commerce downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “hold” rating and upped their price target for the company from C$129.00 to C$136.00 in a report on Friday, February 13th. National Bank Financial raised their target price on shares of Toronto-Dominion Bank from C$134.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Raymond James Financial boosted their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$138.00 and gave the stock a “market perform” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of C$134.25.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded down C$0.48 on Thursday, hitting C$131.18. The company’s stock had a trading volume of 883,728 shares, compared to its average volume of 7,172,782. Toronto-Dominion Bank has a 1 year low of C$78.06 and a 1 year high of C$134.50. The company has a market capitalization of C$219.96 billion, a PE ratio of 11.35, a PEG ratio of 1.22 and a beta of 1.00. The company has a 50-day simple moving average of C$129.63 and a 200 day simple moving average of C$116.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. The company had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. On average, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Toronto-Dominion Bank Company Profile

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.