Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$125.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by analysts at Scotiabank from C$114.00 to C$125.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 2.47% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. National Bankshares set a C$100.00 target price on Toronto-Dominion Bank and gave the company a “sector perform” rating in a report on Monday, September 22nd. Raymond James Financial set a C$119.00 price objective on Toronto-Dominion Bank and gave the company a “market perform” rating in a research note on Tuesday, November 25th. CIBC increased their target price on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a research report on Wednesday, November 19th. Royal Bank Of Canada raised their price target on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a research note on Friday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$118.14.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded up C$1.90 during trading on Friday, reaching C$121.99. The company had a trading volume of 2,481,790 shares, compared to its average volume of 7,114,264. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$122.24. The stock’s 50 day moving average price is C$113.94 and its two-hundred day moving average price is C$105.23. The firm has a market capitalization of C$208.26 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The company had revenue of C$16.03 billion for the quarter. As a group, research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were acquired at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the transaction, the director owned 3,292 shares in the company, valued at C$370,810.88. The trade was a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 39,376 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$4,412,868.32. Insiders sold a total of 84,384 shares of company stock worth $9,456,915 in the last quarter. 0.08% of the stock is currently owned by company insiders.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.