Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$91.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by Barclays from C$83.00 to C$91.00 in a report issued on Monday,BayStreet.CA reports. Barclays‘s price target would suggest a potential downside of 5.21% from the company’s previous close.

TD has been the topic of a number of other reports. Scotiabank raised shares of Toronto-Dominion Bank to a “hold” rating in a research note on Wednesday, May 14th. UBS Group raised their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. CIBC lifted their price target on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. Finally, National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus price target of C$89.31.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD traded down C$0.35 during trading on Monday, hitting C$96.00. 1,144,008 shares of the company were exchanged, compared to its average volume of 7,827,582. The company has a fifty day moving average price of C$87.76 and a 200-day moving average price of C$83.62. The firm has a market capitalization of C$168.42 billion, a PE ratio of 19.02, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$96.86.

Insider Activity at Toronto-Dominion Bank

In related news, Director Ajay Kumar Virmani acquired 24,636 shares of the stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of C$81.22 per share, with a total value of C$2,000,935.92. Also, Director Theresa Lynn Currie sold 48,792 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total value of C$4,617,674.88. Following the completion of the transaction, the director now directly owns 163 shares in the company, valued at C$15,426.32. This trade represents a 99.67% decrease in their position. Over the last quarter, insiders acquired 31,154 shares of company stock worth $2,567,191 and sold 84,628 shares worth $7,929,143. Company insiders own 0.08% of the company’s stock.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.