Toronto-Dominion Bank (TSE:TD) PT Set at C$169.00 by Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a C$169.00 price target by equities research analysts at Canaccord Genuity Group in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 6.89% from the company’s current price.

Several other research firms also recently commented on TD. Canadian Imperial Bank of Commerce lifted their price objective on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Desjardins boosted their target price on shares of Toronto-Dominion Bank from C$154.00 to C$160.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Barclays boosted their target price on shares of 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. Raymond James Financial boosted their target price on shares of Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Finally, BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Moderate Buy” and an average price target of C$149.75.

Toronto-Dominion Bank Trading Up 0.1%

Shares of TSE:TD traded up C$0.08 on Friday, hitting C$158.11. 1,164,309 shares of the company were exchanged, compared to its average volume of 5,849,740. Toronto-Dominion Bank has a 1-year low of C$95.52 and a 1-year high of C$159.14. The stock’s 50 day moving average price is C$144.31 and its 200 day moving average price is C$133.55. The firm has a market capitalization of C$263.86 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. Toronto-Dominion Bank had a net margin of 13.24% and a return on equity of 11.85%. The business had revenue of C$16.04 billion during the quarter. On average, equities analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

About Toronto-Dominion Bank

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.