Toronto-Dominion Bank (TSE:TD) PT Set at C$169.00 by Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a C$169.00 price objective by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 6.89% from the stock’s previous close.

TD has been the topic of several other reports. BMO Capital Markets lifted their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Royal Bank Of Canada cut their price objective on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Barclays lifted their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the company an “underweight” rating in a report on Friday, May 29th. Scotiabank lifted their price objective on shares of Toronto-Dominion Bank from C$150.00 to C$165.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, National Bank Financial lifted their price objective on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Moderate Buy” and an average target price of C$149.75.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$0.08 during trading on Friday, reaching C$158.11. 1,164,309 shares of the company were exchanged, compared to its average volume of 5,849,740. The firm has a market capitalization of C$263.86 billion, a PE ratio of 18.56, a P/E/G ratio of 1.22 and a beta of 0.92. The business’s fifty day simple moving average is C$144.31 and its 200-day simple moving average is C$133.55. Toronto-Dominion Bank has a 12-month low of C$95.52 and a 12-month high of C$159.14.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The business had revenue of C$16.04 billion for the quarter. Toronto-Dominion Bank had a net margin of 13.24% and a return on equity of 11.85%. On average, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Company Profile

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.