Royal Bank Of Canada Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by equities research analysts at Royal Bank Of Canada from C$156.00 to C$173.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 2.82% from the stock’s current price.

Several other equities research analysts also recently issued reports on TD. Scotiabank increased their price objective on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 16th. Jefferies Financial Group lifted their target price on Toronto-Dominion Bank from C$159.00 to C$164.00 in a research note on Friday. Raymond James Financial upped their target price on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce increased their price target on shares of Toronto-Dominion Bank from C$164.00 to C$184.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Finally, Canaccord Genuity Group raised their price target on shares of Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$170.00.

Toronto-Dominion Bank Stock Up 0.2%

Shares of TD traded up C$0.41 during mid-day trading on Friday, reaching C$168.25. The company’s stock had a trading volume of 1,043,349 shares, compared to its average volume of 5,520,668. The business has a fifty day moving average of C$169.31 and a 200 day moving average of C$151.43. The company has a market cap of C$277.96 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a 1 year low of C$100.43 and a 1 year high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, August 27th. The company reported C$2.77 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 11.85% and a net margin of 13.21%.The business had revenue of C$16.93 billion for the quarter. On average, 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 Toronto-Dominion Bank news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the sale, the insider directly owned 260 shares of the company’s stock, valued at 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 that occurred 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 completion of the sale, the insider directly owned 26,677 shares of the company’s stock, valued at C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. 0.08% of the stock is currently owned by company insiders.

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.