Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$169.00 at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by analysts at Scotiabank from C$164.00 to C$169.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 2.05% from the company’s previous close.

Several other equities analysts also recently commented on TD. National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Canaccord Genuity Group set a C$169.00 price target on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a research note on Friday, June 5th. Raymond James Financial boosted their price target on shares of Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce boosted their price target on shares of Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Finally, BMO Capital Markets boosted their price target on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Seven 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$150.08.

Toronto-Dominion Bank Stock Up 0.8%

TSE TD traded up C$1.34 on Tuesday, reaching C$165.61. The stock had a trading volume of 1,252,757 shares, compared to its average volume of 5,691,554. The firm has a market capitalization of C$273.60 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 1.22 and a beta of 0.92. Toronto-Dominion Bank has a 12-month low of C$96.25 and a 12-month high of C$165.85. The stock has a fifty day moving average price of C$148.72 and a two-hundred day moving average price of C$135.81.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. The business had revenue of C$16.04 billion during the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. Sell-side analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the transaction, the insider owned 260 shares in the company, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the transaction, the insider owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. The trade was a 24.16% decrease in their position. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

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.