Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$118.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target hoisted by equities research analysts at Barclays from C$114.00 to C$118.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential downside of 3.27% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group raised their target price on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research note on Friday. CIBC raised their price objective on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research report on Wednesday, November 19th. National Bankshares set a C$100.00 target price on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a report on Monday, September 22nd. Desjardins increased their price target on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, 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 report on Friday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$118.14.

Toronto-Dominion Bank Stock Up 1.6%

Shares of TD traded up C$1.90 during trading hours on Friday, reaching 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 company’s fifty day moving average price is C$113.94 and its two-hundred day moving average price is C$105.23. The company has a market capitalization of C$208.26 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 EPS for the quarter. The business had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Activity at Toronto-Dominion Bank

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

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.