Toronto-Dominion Bank (TSE:TD) Rating Increased to Hold at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by stock analysts at Scotiabank to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. UBS Group raised their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating and increased their price objective for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. CIBC reduced their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Finally, National Bankshares cut their price target on shares of Toronto-Dominion Bank from C$84.00 to C$80.00 and set a “sector perform” rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and a consensus target price of C$88.75.

Toronto-Dominion Bank Stock Up 1.0%

TSE:TD opened at C$90.72 on Wednesday. The stock’s 50-day simple moving average is C$85.22 and its 200 day simple moving average is C$81.88. The firm has a market capitalization of C$159.16 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$90.72.

Insider Transactions at Toronto-Dominion Bank

In other news, Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the sale, the director now owns 163 shares of the company’s stock, valued at approximately C$14,099.50. This represents a 99.64% decrease in their ownership of the stock. Also, Director Michael A. French sold 9,288 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total value of C$791,802.00. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.