Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$126.00 at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lifted by research analysts at Canaccord Genuity Group from C$122.00 to C$126.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 3.29% from the company’s current price.

Other analysts have also issued research reports about the company. CIBC raised their price target on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. 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, November 25th. Barclays lifted their target price on shares of Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the company an “underweight” rating in a research note on Monday, November 24th. BMO Capital Markets increased 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. Finally, Desjardins lifted their price objective on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$118.14.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD traded up C$1.90 during trading hours on Friday, hitting C$121.99. The company’s stock had a trading volume of 2,481,790 shares, compared to its average volume of 7,114,264. The stock has a market cap of C$208.26 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$122.24. The business has a 50-day simple moving average of C$113.94 and a 200-day simple moving average of C$105.23.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 EPS for the quarter. The business had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%. On average, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insider Buying and Selling at Toronto-Dominion Bank

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

Toronto-Dominion Bank Company Profile

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.