Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$196.00 by Analysts at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective decreased by Canaccord Genuity Group from C$197.00 to C$196.00 in a research report issued on Thursday, BayStreet reports. Canaccord Genuity Group’s price target would indicate a potential upside of 15.28% from the company’s previous close.

TD has been the subject of several other research reports. National Bank Financial boosted their target price on shares of Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the company an “outperform” rating in a research note on Sunday. Raymond James Financial upped their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods lifted their target price on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 in a research note on Monday. Royal Bank Of Canada boosted their price target on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Toronto-Dominion Bank from C$184.00 to C$187.00 and gave the stock a “neutral” rating in a report on Friday, August 28th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$171.08.

Toronto-Dominion Bank Stock Up 1.1%

Shares of TD traded up C$1.82 during mid-day trading on Thursday, reaching C$170.02. 1,102,674 shares of the company’s stock were exchanged, compared to its average volume of 5,464,641. Toronto-Dominion Bank has a 52-week low of C$102.50 and a 52-week high of C$175.33. The company has a market cap of C$278.58 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.22 and a beta of 0.88. The company has a 50-day simple moving average of C$169.17 and a two-hundred day simple moving average of C$152.42.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its earnings results on Thursday, August 27th. The company reported C$2.77 EPS for the quarter. The firm had revenue of C$16.93 billion for the quarter. Toronto-Dominion Bank had a return on equity of 12.83% and a net margin of 14.36%. As a group, equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insider Activity at Toronto-Dominion Bank

In other news, insider Paul Martyn Clark sold 27,649 shares of Toronto-Dominion Bank stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the transaction, 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 position. 0.08% of the stock is currently owned by company insiders.

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.