Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$128.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target hoisted by analysts at Royal Bank Of Canada from C$120.00 to C$128.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank Of Canada’s price target would suggest a potential upside of 4.93% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Scotiabank set a C$114.00 price objective on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. Desjardins lifted their price target on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$124.00 to C$125.00 in a report on Tuesday, November 25th. Barclays increased their target price on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the stock an “underweight” rating in a report on Monday, November 24th. Finally, National Bankshares set a C$100.00 price target on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research note on Monday, September 22nd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$118.14.

Toronto-Dominion Bank Trading Up 1.6%

TSE TD traded up C$1.90 during trading on Friday, hitting C$121.99. 2,481,790 shares of the company traded hands, 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 business has a fifty day simple moving average of C$113.94 and a 200 day simple moving average of C$105.23. The company has a market capitalization of C$208.26 billion, a P/E ratio of 10.44, a PEG ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued 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 firm had revenue of C$16.03 billion during the quarter. Equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insider Transactions at Toronto-Dominion Bank

In related news, insider Ajai Bambawale sold 7,328 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the completion of the transaction, the insider directly owned 800 shares of the company’s stock, valued at C$89,656. The trade was a 90.16% decrease in their position. Also, Director Nathalie Palladitcheff purchased 1,000 shares of Toronto-Dominion Bank stock in a transaction on Monday, October 6th. The stock was bought at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the transaction, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This represents a 43.63% increase in their ownership of the stock. Over the last quarter, insiders have sold 84,384 shares of company stock valued at $9,456,915. Company insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

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.