Jefferies Financial Group Increases Toronto-Dominion Bank (TSE:TD) Price Target to C$159.00

Toronto-Dominion Bank (TSE:TDGet Free Report) (NYSE:TD) had its price target raised by analysts at Jefferies Financial Group from C$151.00 to C$159.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential downside of 7.56% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on TD. Scotiabank boosted their target price 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 report on Tuesday, June 16th. Barclays increased their target price on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a research report on Friday, May 29th. National Bank Financial increased their price target on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Desjardins raised their price objective on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Canaccord Genuity Group raised their price objective on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.17.

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Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up C$0.03 during trading hours on Thursday, hitting C$172.01. The company had a trading volume of 1,072,709 shares, compared to its average volume of 5,678,211. The firm’s fifty day moving average is C$168.40 and its 200 day moving average is C$148.56. Toronto-Dominion Bank has a 12 month low of C$100.01 and a 12 month high of C$175.33. The firm has a market capitalization of C$284.17 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.22 and a beta of 0.88.

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

Insider Transactions at Toronto-Dominion Bank

In related news, insider Paul Martyn Clark sold 27,649 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the sale, the insider directly owned 260 shares of the company’s stock, valued at approximately C$41,917.20. This represents a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, June 3rd. The stock was 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. The trade was a 24.16% decrease in their position. 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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