Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$180.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lifted by investment analysts at Raymond James Financial from C$155.00 to C$180.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 4.80% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group upped their price objective on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Desjardins lifted their target price on shares of Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Scotiabank boosted their target price on shares of Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the company a “sector outperform” rating in a report on Tuesday, June 16th. Barclays lifted their price objective on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a research report on Friday, May 29th. Finally, National Bank Financial boosted their price objective on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$155.42.

Toronto-Dominion Bank Trading Up 1.6%

TD stock traded up C$2.65 during trading on Wednesday, hitting C$171.75. The company had a trading volume of 975,747 shares, compared to its average volume of 5,699,797. The business has a 50-day moving average of C$168.08 and a 200-day moving average of C$148.26. Toronto-Dominion Bank has a one year low of C$100.01 and a one year high of C$175.33. The stock has a market cap of C$283.74 billion, a PE ratio of 20.16, a PEG ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. The business had revenue of C$16.04 billion during the quarter. Research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Buying and Selling

In other Toronto-Dominion Bank news, insider Kelvin Vi Luan Tran sold 8,498 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the sale, the insider owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. This trade represents a 24.16% decrease in their ownership of the stock. Also, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the sale, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. This represents a 99.07% decrease in their position. 0.08% of the stock is currently owned by corporate insiders.

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.