Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$187.00

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) had its price target hoisted by equities researchers at Scotiabank from C$180.00 to C$187.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 11.14% from the company’s previous close.

Several other research firms have also issued reports on TD. Royal Bank Of Canada increased their target price on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday. Canadian Imperial Bank of Commerce upped their price objective on shares of Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the stock a “neutral” rating in a research report on Friday. Keefe, Bruyette & Woods set a C$180.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “hold” rating in a research report on Friday, August 21st. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Desjardins raised their target price on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$170.00.

View Our Latest Report on Toronto-Dominion Bank

Toronto-Dominion Bank Stock Performance

TSE:TD traded up C$0.41 during mid-day trading on Friday, reaching C$168.25. 1,043,349 shares of the company’s stock were exchanged, compared to its average volume of 5,520,668. Toronto-Dominion Bank has a one year low of C$100.43 and a one year high of C$175.33. The business’s fifty day simple moving average is C$169.31 and its two-hundred day simple moving average is C$151.43. The firm has a market capitalization of C$277.96 billion, a PE ratio of 19.75, 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 quarterly earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. The company had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Buying and Selling at Toronto-Dominion Bank

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

Toronto-Dominion Bank Company Profile

(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.

Read More

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

Receive News & Ratings for Toronto-Dominion Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toronto-Dominion Bank and related companies with MarketBeat.com's FREE daily email newsletter.