Toronto-Dominion Bank (TSE:TD) Given New C$158.00 Price Target at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by stock analysts at Canaccord Genuity Group from C$149.00 to C$158.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 4.80% from the company’s current price.

A number of other brokerages also recently issued reports on TD. Desjardins lifted their price target on Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce lifted their price target on Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Raymond James Financial upgraded Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$141.00 to C$152.50 in a research report on Tuesday, May 12th. Scotiabank upgraded Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from C$142.00 to C$150.00 in a research report on Monday, May 4th. Finally, BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Seven 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$144.96.

Toronto-Dominion Bank Trading Up 1.6%

Shares of TD traded up C$2.38 during trading hours on Wednesday, reaching C$150.76. The stock had a trading volume of 1,968,063 shares, compared to its average volume of 6,148,138. The company has a market capitalization of C$251.59 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.22 and a beta of 0.92. The firm has a 50-day simple moving average of C$138.03 and a 200 day simple moving average of C$130.09. Toronto-Dominion Bank has a 12 month low of C$89.34 and a 12 month high of C$150.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The business had revenue of C$16.63 billion during the quarter. On average, equities analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

About Toronto-Dominion Bank

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.