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 upped by stock analysts at Scotiabank from C$164.00 to C$169.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 2.05% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Raymond James Financial increased their price target on Toronto-Dominion Bank from C$152.50 to C$155.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Barclays increased their price target on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an “underweight” rating in a research report on Friday, May 29th. National Bank Financial increased their price target on Toronto-Dominion Bank from C$157.00 to C$162.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Jefferies Financial Group increased their price target on Toronto-Dominion Bank from C$134.00 to C$142.00 in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada cut their price target on Toronto-Dominion Bank from C$148.00 to C$138.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$150.08.

Toronto-Dominion Bank Trading Up 0.8%

Shares of TD stock traded up C$1.34 during trading hours on Tuesday, reaching C$165.61. 1,252,757 shares of the company’s stock were exchanged, compared to its average volume of 5,691,554. Toronto-Dominion Bank has a 1 year low of C$96.25 and a 1 year high of C$165.85. The stock has a market cap of C$273.60 billion, a PE ratio of 19.44, a PEG ratio of 1.22 and a beta of 0.92. The stock’s fifty day moving average price is C$148.72 and its two-hundred day moving average price is C$135.81.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$2.38 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$16.04 billion for the quarter. On average, equities analysts expect 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 that occurred 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 sale, the insider owned 260 shares of the company’s stock, valued at approximately C$41,917.20. The trade was a 99.07% decrease in their position. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the sale, the insider directly owned 26,677 shares in the company, valued at approximately C$4,177,884.97. The trade was a 24.16% decrease in their position. 0.08% of the stock is currently owned by 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.