Toronto-Dominion Bank (TSE:TD) Given New C$148.00 Price Target at Royal Bank Of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by equities researchers at Royal Bank Of Canada from C$133.00 to C$148.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 11.64% from the stock’s previous close.

A number of other research firms also recently issued reports on TD. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$141.00 to C$147.00 and gave the company a “buy” rating in a research report on Friday. Desjardins raised their price objective on Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the company a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce lifted their price target on shares of Toronto-Dominion Bank from C$136.00 to C$140.00 and gave the company a “neutral” rating in a research report on Friday. Scotiabank lifted their price objective on shares of Toronto-Dominion Bank from C$125.00 to C$132.00 in a report on Friday, January 9th. Finally, National Bank Financial lifted their price target on Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the company an “outperform” rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of C$139.50.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded down C$2.57 on Friday, hitting C$132.57. The stock had a trading volume of 2,044,466 shares, compared to its average volume of 6,765,620. The stock has a 50 day moving average of C$130.33 and a 200 day moving average of C$118.18. Toronto-Dominion Bank has a twelve month low of C$78.06 and a twelve month high of C$136.49. The firm has a market capitalization of C$222.29 billion, a P/E ratio of 11.47, a PEG ratio of 1.22 and a beta of 1.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The firm had revenue of C$16.63 billion during the quarter. Equities analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

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.