Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by Jefferies Financial Group from C$164.00 to C$165.00 in a research report issued on Thursday, BayStreet reports. Jefferies Financial Group’s price target points to a potential downside of 2.95% from the company’s previous close.

A number of other equities analysts have also recently issued reports on TD. Raymond James Financial upped their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce raised their target price on shares of Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Barclays boosted their target price on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a research note on Friday, August 28th. Canaccord Genuity Group lowered their price target on shares of Toronto-Dominion Bank from C$197.00 to C$196.00 in a report on Thursday. Finally, Keefe, Bruyette & Woods increased their price target on Toronto-Dominion Bank from C$180.00 to C$187.00 in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Moderate Buy” and an average price target of C$171.08.

Toronto-Dominion Bank Price Performance

Shares of TD stock traded up C$1.82 on Thursday, hitting C$170.02. 1,102,674 shares of the company’s stock were exchanged, compared to its average volume of 5,464,641. The company has a 50 day moving average of C$169.17 and a 200 day moving average of C$152.42. The stock has a market cap of C$278.58 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a 12 month low of C$102.50 and a 12 month high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. The firm had revenue of C$16.93 billion during the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%. Sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Paul Martyn Clark sold 27,649 shares of the company’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 completion of the transaction, the insider directly owned 260 shares in the company, valued at approximately C$41,917.20. This represents a 99.07% decrease in their position. Company insiders own 0.08% of the company’s stock.

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.