Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Toronto-Dominion Bank (TSE:TD) Stock

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by research analysts at Keefe, Bruyette & Woods from C$180.00 to C$187.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 11.44% from the company’s current price.

TD has been the subject of several other research reports. National Bank Financial boosted their price target on shares of Toronto-Dominion Bank from C$190.00 to C$196.00 and gave the stock an “outperform” rating in a report on Sunday. Scotiabank increased their price objective on shares of Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a report on Friday. Canaccord Genuity Group lifted their target price on shares of Toronto-Dominion Bank from C$185.00 to C$197.00 and gave the company a “buy” rating in a research report on Friday. Barclays boosted their target price on shares of Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Royal Bank Of Canada upped their price target on shares of Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a research report on Friday. Seven investment 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$171.00.

Toronto-Dominion Bank Trading Down 0.5%

TD traded down C$0.81 during trading on Monday, hitting C$167.80. The company’s stock had a trading volume of 880,472 shares, compared to its average volume of 5,500,151. The firm has a market capitalization of C$274.94 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a twelve month low of C$100.43 and a twelve month high of C$175.33. The business’s fifty day simple moving average is C$169.29 and its 200 day simple moving average is C$151.68.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its 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 12.83% and a net margin of 14.36%.The business had revenue of C$16.93 billion during the quarter. As a group, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Insiders Place Their Bets

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