Toronto-Dominion Bank (TSE:TD) Given New C$130.00 Price Target at Jefferies Financial Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by equities research analysts at Jefferies Financial Group from C$125.00 to C$130.00 in a note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 6.57% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Desjardins upped their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. CIBC increased their target price on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a report on Wednesday, November 19th. Royal Bank Of Canada lifted their price target on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a research note on Friday. BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a research report on Tuesday, September 30th. Finally, Barclays increased their price objective on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the company an “underweight” rating in a report on Monday, November 24th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of C$118.14.

Toronto-Dominion Bank Stock Performance

TSE:TD traded up C$1.90 on Friday, reaching C$121.99. The company’s stock had a trading volume of 2,481,790 shares, compared to its average volume of 7,114,264. The business’s 50-day moving average price is C$113.94 and its two-hundred day moving average price is C$105.23. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$122.24. The firm has a market cap of C$208.26 billion, a PE ratio of 10.44, a PEG ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced 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 for the quarter. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Transactions at Toronto-Dominion Bank

In related news, insider Ajai Bambawale sold 7,328 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the completion of the sale, the insider owned 800 shares of the company’s stock, valued at C$89,656. This represents a 90.16% decrease in their ownership of the stock. Also, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was purchased at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the transaction, the director directly owned 3,292 shares in the company, valued at approximately C$370,810.88. This represents a 43.63% increase in their position. In the last three months, insiders sold 84,384 shares of company stock valued at $9,456,915. 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.