Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$140.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by Barclays from C$135.00 to C$140.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target suggests a potential downside of 9.71% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on TD. Jefferies Financial Group increased their target price on shares of Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce increased their target price on shares of Toronto-Dominion Bank from C$142.00 to C$151.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their target price on shares of Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Desjardins increased their target price on shares of Toronto-Dominion Bank from C$145.00 to C$154.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Scotiabank upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from C$142.00 to C$150.00 in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$148.50.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD traded down C$1.12 during midday trading on Friday, reaching C$155.06. 2,101,841 shares of the company’s stock were exchanged, compared to its average volume of 5,957,233. The company’s 50 day simple moving average is C$141.50 and its two-hundred day simple moving average is C$132.07. The firm has a market capitalization of C$258.77 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a 12 month low of C$94.05 and a 12 month high of C$157.70.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The company had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 19.11% and a return on equity of 17.26%. On average, research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current 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.