Toronto-Dominion Bank (TSE:TD) Receives C$81.18 Average Target Price from Brokerages
Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average rating of “Buy” by the eleven analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$81.18.
TD has been the subject of a number of recent analyst reports. Canaccord Genuity cut their price target on shares of Toronto-Dominion Bank from C$82.00 to C$81.00 in a report on Friday, August 30th. CSFB lowered their price objective on Toronto-Dominion Bank from C$78.00 to C$76.00 in a research report on Wednesday, October 2nd. BMO Capital Markets cut Toronto-Dominion Bank from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$85.00 to C$78.00 in a research note on Friday, August 30th. Scotiabank lifted their target price on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research report on Wednesday, November 20th. Finally, CIBC decreased their price target on Toronto-Dominion Bank from C$83.00 to C$81.00 in a research note on Thursday, October 3rd.
In other Toronto-Dominion Bank news, Senior Officer Robert E. Dorrance sold 138,636 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$72.63, for a total value of C$10,069,132.68. Following the completion of the transaction, the insider now owns 569,584 shares of the company’s stock, valued at approximately C$41,368,885.92. Also, Senior Officer Ajai Bambawale sold 13,908 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$76.90, for a total transaction of C$1,069,525.20. Over the last 90 days, insiders have sold 157,544 shares of company stock valued at $11,506,158.
Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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