Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$132.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by equities researchers at Scotiabank from C$125.00 to C$132.00 in a report released on Friday,BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 1.01% from the stock’s current price.

A number of other research analysts also recently weighed in on TD. BMO Capital Markets increased their price objective on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. Royal Bank Of Canada increased their target price on Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group raised their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Desjardins raised their price target on Toronto-Dominion Bank from C$126.00 to C$133.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Finally, National Bankshares raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$124.00 to C$134.00 in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of C$129.17.

Toronto-Dominion Bank Price Performance

TSE:TD traded down C$0.47 during trading hours on Friday, hitting C$130.68. The stock had a trading volume of 3,126,853 shares, compared to its average volume of 13,732,891. The company has a 50 day simple moving average of C$121.71 and a two-hundred day simple moving average of C$110.95. The firm has a market capitalization of C$220.78 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.22 and a beta of 1.03. Toronto-Dominion Bank has a one year low of C$76.33 and a one year high of C$132.72.

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

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.