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

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) had its target price hoisted by equities researchers at Barclays from C$140.00 to C$164.00 in a report issued on Friday,BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 1.34% from the company’s current price.

TD has been the subject of a number of other research reports. Scotiabank upped their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. Jefferies Financial Group boosted their target price on shares of Toronto-Dominion Bank from C$151.00 to C$159.00 in a report on Thursday, August 13th. Canaccord Genuity Group upped their price target on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. National Bank Financial lifted their price target on shares of Toronto-Dominion Bank from C$162.00 to C$190.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Toronto-Dominion Bank from C$164.00 to C$184.00 and gave the company a “neutral” rating in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$164.15.

Read Our Latest Analysis on Toronto-Dominion Bank

Toronto-Dominion Bank Trading Up 0.3%

Shares of Toronto-Dominion Bank stock traded up C$0.41 during trading hours on Friday, reaching C$161.83. 974,955 shares of the company’s stock were exchanged, compared to its average volume of 5,589,391. Toronto-Dominion Bank has a 52-week low of C$100.01 and a 52-week high of C$175.33. The company has a fifty day moving average of C$169.48 and a 200-day moving average of C$150.23. The firm has a market capitalization of C$267.35 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) last released its earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%.The firm had revenue of C$16.04 billion during the quarter. On average, equities research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Insider Transactions at Toronto-Dominion Bank

In other news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the sale, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the sale, the insider directly owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

About Toronto-Dominion Bank

(Get Free Report)

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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Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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