Toronto-Dominion Bank (TSE:TD) Stock Rating Lowered by Jefferies Financial Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Tuesday,BayStreet.CA reports. They presently have a C$125.00 target price on the stock, up from their prior target price of C$124.00. Jefferies Financial Group’s price objective would suggest a potential upside of 7.42% from the stock’s current price.

A number of other equities analysts have also commented on TD. CIBC boosted their price objective on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a research note on Tuesday, September 30th. Barclays upped their price objective on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the company an “underweight” rating in a research note on Monday. Scotiabank set a C$114.00 target price on shares of Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, Canaccord Genuity Group lifted their price target on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$109.46.

Toronto-Dominion Bank Stock Down 0.3%

TD traded down C$0.34 during trading on Tuesday, reaching C$116.37. 1,648,322 shares of the company’s stock were exchanged, compared to its average volume of 7,223,948. The business has a 50 day moving average price of C$112.50 and a 200 day moving average price of C$103.86. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$117.13. The company has a market capitalization of C$198.67 billion, a P/E ratio of 9.96, a PEG ratio of 1.22 and a beta of 0.96.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, insider Ajai Bambawale sold 39,376 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$4,412,868.32. Also, Director Nathalie Palladitcheff purchased 1,000 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of C$112.64 per share, for a total transaction of C$112,640.00. Following the acquisition, the director owned 3,292 shares of the company’s stock, valued at approximately C$370,810.88. The trade was a 43.63% increase in their ownership of the stock. Insiders sold 84,384 shares of company stock worth $9,456,915 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

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.