Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$142.00 at Jefferies Financial Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by Jefferies Financial Group from C$134.00 to C$142.00 in a report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential downside of 5.81% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Raymond James Financial upgraded Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and raised their price target for the company from C$141.00 to C$152.50 in a research note on Tuesday, May 12th. Barclays increased their target price on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce boosted their price target on shares of Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. National Bank Financial increased their price target on shares of Toronto-Dominion Bank from C$146.00 to C$157.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Desjardins upped their price objective on shares of Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$144.96.

Toronto-Dominion Bank Trading Up 1.6%

TD stock traded up C$2.38 during mid-day trading on Wednesday, reaching C$150.76. The company’s stock had a trading volume of 1,968,063 shares, compared to its average volume of 6,148,138. The company’s 50 day moving average is C$138.03 and its two-hundred day moving average is C$130.09. Toronto-Dominion Bank has a fifty-two week low of C$89.34 and a fifty-two week high of C$150.92. The stock has a market cap of C$251.59 billion, a PE ratio of 12.21, a P/E/G ratio of 1.22 and a beta of 0.92.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. The firm had revenue of C$16.63 billion during the quarter. On average, analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

About Toronto-Dominion Bank

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.