Toronto-Dominion Bank (TSE:TD) Given a C$119.00 Price Target at Raymond James Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a C$119.00 price objective by stock analysts at Raymond James Financial in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 2.26% from the stock’s previous close.

Several other brokerages also recently issued reports on TD. Desjardins increased their price objective on shares of 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. Canaccord Genuity Group boosted their price objective on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada raised Toronto-Dominion Bank from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$93.00 to C$120.00 in a report on Friday, October 3rd. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group increased their target price on shares of Toronto-Dominion Bank from C$120.00 to C$124.00 in a research report on Tuesday, September 30th. Five 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$109.46.

Toronto-Dominion Bank Stock Performance

TD traded down C$0.34 during trading on Tuesday, reaching C$116.37. The company’s stock had a trading volume of 1,648,322 shares, compared to its average volume of 7,223,948. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$117.13. The company has a market capitalization of C$198.67 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. The company’s fifty day moving average price is C$112.50 and its 200-day moving average price is C$103.86.

Insider Activity at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the transaction, the director owned 3,292 shares in the company, valued at C$370,810.88. The trade was a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 7,328 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the completion of the sale, the insider directly owned 800 shares of the company’s stock, valued at C$89,656. The trade was a 90.16% decrease in their ownership of the stock. Insiders have sold a total of 84,384 shares of company stock worth $9,456,915 over the last ninety days. 0.08% of the stock is currently owned by insiders.

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.