Toronto-Dominion Bank (TD) Price Target Increased to C$70.00 by Analysts at Barclays PLC
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target hoisted by equities researchers at Barclays PLC from C$69.00 to C$70.00 in a report released on Friday. Barclays PLC’s price target indicates a potential upside of 9.72% from the company’s current price.
TD has been the topic of a number of other reports. Scotiabank raised their price objective on Toronto-Dominion Bank from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. Royal Bank Of Canada raised their price objective on Toronto-Dominion Bank from C$68.00 to C$70.00 and gave the company a “sector perform” rating in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$69.43.
Shares of Toronto-Dominion Bank (TSE TD) traded down 0.39% during trading on Friday, reaching $63.55. 1,267,092 shares of the company were exchanged. The company has a market capitalization of $117.15 billion and a PE ratio of 12.56. The firm’s 50 day moving average price is $64.94 and its 200 day moving average price is $65.87. Toronto-Dominion Bank has a one year low of $56.52 and a one year high of $71.31.
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 25th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.10. The firm had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $8.54 billion. Toronto-Dominion Bank had a return on equity of 14.16% and a net margin of 28.23%. Equities research analysts forecast that Toronto-Dominion Bank will post $5.36 earnings per share for the current fiscal year.
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Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada, the United States, and internationally. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers telephone, Internet, and mobile banking services to personal and small business customers through a network of branches and automated banking machines; financing, investment, cash management, international trade, and day-to-day banking services to medium and large businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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