Canaccord Genuity Group Reiterates “C$101.00” Price Target for Toronto-Dominion Bank (TSE:TD)

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a C$101.00 price objective by Canaccord Genuity Group in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 2.50% from the company’s current price.

A number of other research firms have also issued reports on TD. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Thursday, May 22nd. Barclays raised their target price on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research note on Monday, June 9th. Scotiabank upgraded shares of Toronto-Dominion Bank to a “hold” rating in a research report on Wednesday, May 14th. Finally, CIBC lifted their price objective 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, June 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of C$90.85.

Toronto-Dominion Bank Trading Up 0.8%

TSE TD traded up C$0.77 during trading hours on Tuesday, reaching C$98.54. The company’s stock had a trading volume of 1,949,635 shares, compared to its average volume of 7,557,107. The business has a 50-day simple moving average of C$91.17 and a 200 day simple moving average of C$85.01. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$98.85. The stock has a market cap of C$172.88 billion, a PE ratio of 19.52, a PEG ratio of 1.22 and a beta of 0.82.

Insider Buying and Selling

In related news, Director Ana Arsov purchased 3,483 shares of the company’s stock in a transaction on Friday, April 11th. The shares were bought at an average price of C$80.24 per share, with a total value of C$279,475.92. Also, Director Ajay Kumar Virmani acquired 24,636 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were bought at an average price of C$81.22 per share, with a total value of C$2,000,935.92. Over the last quarter, insiders have bought 31,154 shares of company stock valued at $2,567,191 and have sold 81,612 shares valued at $7,748,610. 0.08% of the stock is owned by corporate insiders.

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.