Toronto-Dominion Bank (TSE:TD) Given New C$158.00 Price Target at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) had its target price lifted by research analysts at Canaccord Genuity Group from C$149.00 to C$158.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 4.80% from the company’s current price.

A number of other equities analysts have also recently commented on TD. Royal Bank Of Canada reduced their price objective on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Jefferies Financial Group boosted their target price on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday. Desjardins boosted their target price on shares of Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce boosted their target price on shares of Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, National Bank Financial boosted their target price on shares of Toronto-Dominion Bank from C$146.00 to C$157.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$144.96.

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Toronto-Dominion Bank Stock Performance

TSE:TD traded up C$2.38 during trading hours on Wednesday, hitting C$150.76. The stock had a trading volume of 1,968,063 shares, compared to its average volume of 6,148,138. Toronto-Dominion Bank has a one year low of C$89.34 and a one year high of C$150.92. The company has a market cap of C$251.59 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.22 and a beta of 0.92. The business’s 50 day moving average is C$138.03 and its 200-day moving average is C$130.09.

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) last announced its earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The firm had revenue of C$16.63 billion for the quarter. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Company Profile

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TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.

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