Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$128.00 at BMO Capital Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective boosted by analysts at BMO Capital Markets from C$120.00 to C$128.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 4.93% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TD. Raymond James Financial set a C$119.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Barclays upped their price target on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the stock an “underweight” rating in a research note on Monday, November 24th. National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research note on Monday, September 22nd. Canaccord Genuity Group increased their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Friday. Finally, Desjardins raised their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, August 29th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$118.14.

Toronto-Dominion Bank Trading Up 1.6%

TD traded up C$1.90 during trading on Friday, reaching C$121.99. The stock had a trading volume of 2,481,790 shares, compared to its average volume of 7,114,264. The stock’s 50 day moving average is C$113.94 and its two-hundred day moving average is C$105.23. The company has a market capitalization 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 one year low of C$73.22 and a one year high of C$122.24.

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

Insider Activity at Toronto-Dominion Bank

In other news, insider Ajai Bambawale sold 7,328 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$821,248.96. Following the transaction, the insider directly owned 800 shares in the company, valued at C$89,656. This trade represents a 90.16% decrease in their position. Also, Director Nathalie Palladitcheff acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the acquisition, the director directly owned 3,292 shares of the company’s stock, valued at C$370,810.88. This trade represents a 43.63% increase in their ownership of the stock. Insiders sold 84,384 shares of company stock worth $9,456,915 in the last 90 days. 0.08% of the stock is currently owned by corporate 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.