Toronto-Dominion Bank (TSE:TD) Given New C$147.00 Price Target at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lifted by Canaccord Genuity Group from C$141.00 to C$147.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 10.88% from the stock’s current price.

TD has been the subject of a number of other research reports. National Bank Financial upped their price objective on shares of Toronto-Dominion Bank from C$134.00 to C$138.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Jefferies Financial Group reduced their target price on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday, February 11th. Scotiabank increased their price target on Toronto-Dominion Bank from C$125.00 to C$132.00 in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “hold” rating and raised their target price for the company from C$129.00 to C$136.00 in a research note on Friday, February 13th. Finally, UBS Group boosted their price target on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$139.50.

Toronto-Dominion Bank Price Performance

Shares of TSE TD traded down C$2.57 during mid-day trading on Friday, hitting C$132.57. The company’s stock had a trading volume of 2,044,466 shares, compared to its average volume of 6,765,620. Toronto-Dominion Bank has a one year low of C$78.06 and a one year high of C$136.49. The stock has a market cap of C$222.29 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.22 and a beta of 1.00. The company’s fifty day simple moving average is C$130.33 and its 200-day simple moving average is C$118.18.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. The company had revenue of C$16.63 billion during the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

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.