Raymond James Financial Reiterates C$119.00 Price Target for Toronto-Dominion Bank (TSE:TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a C$119.00 price target by research analysts at Raymond James Financial in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 2.26% from the stock’s previous close.

A number of other research firms have also recently commented on TD. Jefferies Financial Group increased their price target on Toronto-Dominion Bank from C$120.00 to C$124.00 in a report on Tuesday, September 30th. Scotiabank lifted their target price on Toronto-Dominion Bank from C$104.00 to C$114.00 in a research note on Friday, October 10th. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Desjardins upped their price objective on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, CIBC increased their price target on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a report on Wednesday, November 19th. Five investment 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$109.46.

Toronto-Dominion Bank Trading Down 0.3%

TSE TD traded down C$0.34 on Tuesday, hitting C$116.37. 1,648,322 shares of the company traded hands, compared to its average volume of 7,223,948. The business’s 50 day moving average price is C$112.50 and its 200-day moving average price is C$103.86. The company has a market capitalization of C$198.67 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.22 and a beta of 0.96. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$117.13.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, insider Ajai Bambawale sold 7,328 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$821,248.96. Following the transaction, the insider owned 800 shares of the company’s stock, valued at C$89,656. This trade represents a 90.16% decrease in their ownership of the stock. Also, Director Nathalie Palladitcheff bought 1,000 shares of the stock in a transaction dated Monday, October 6th. The shares were acquired at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the purchase, the director directly owned 3,292 shares of the company’s stock, valued at approximately C$370,810.88. This represents a 43.63% increase in their ownership of the stock. In the last quarter, insiders have sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by insiders.

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.