Toronto-Dominion Bank (TD) Price Target Raised to C$70.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by equities researchers at Barclays PLC from C$69.00 to C$70.00 in a research note issued to investors on Friday. Barclays PLC’s price objective would suggest a potential upside of 10.13% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada increased their target price on shares of Toronto-Dominion Bank from C$68.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Friday, May 26th. Scotiabank increased their target price on shares of Toronto-Dominion Bank from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Friday, May 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$69.43.

Shares of Toronto-Dominion Bank (TSE TD) opened at 63.56 on Friday. Toronto-Dominion Bank has a 12 month low of $56.52 and a 12 month high of $71.31. The stock’s 50 day moving average price is $64.89 and its 200-day moving average price is $65.84. The stock has a market capitalization of $117.17 billion and a price-to-earnings ratio of 12.56.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results on Thursday, May 25th. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.10. Toronto-Dominion Bank had a net margin of 28.23% and a return on equity of 14.16%. The business had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $8.54 billion. Equities analysts forecast that Toronto-Dominion Bank will post $5.36 earnings per share for the current fiscal year.

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About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers telephone, Internet, and mobile banking services to personal and small business customers through a network of branches and automated banking machines; financing, investment, cash management, international trade, and day-to-day banking services to medium and large 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.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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