Toronto-Dominion Bank (TSE:TD) Given New C$128.00 Price Target at Royal Bank Of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by investment analysts at Royal Bank Of Canada from C$120.00 to C$128.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank Of Canada’s price target would indicate a potential upside of 4.93% from the stock’s previous close.

TD has been the topic of a number of other reports. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their price target for the company from C$124.00 to C$125.00 in a research report on Tuesday, November 25th. Barclays raised their price objective on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the stock an “underweight” rating in a research note on Monday, November 24th. National Bankshares set a C$100.00 price target on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research report on Monday, September 22nd. Scotiabank set a C$114.00 price objective on shares of Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Finally, CIBC boosted their price target on Toronto-Dominion Bank from C$112.00 to C$122.00 in a report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$118.14.

Toronto-Dominion Bank Price Performance

TSE:TD traded up C$1.90 during midday trading on Friday, reaching C$121.99. 2,481,790 shares of the company traded hands, compared to its average volume of 7,114,264. The firm has a market capitalization of C$208.26 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$122.24. The company has a fifty day moving average price of C$113.94 and a 200 day moving average price of C$105.23.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. The company had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

Insider Buying and Selling at Toronto-Dominion Bank

In related news, Director Nathalie Palladitcheff bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was bought at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the acquisition, the director directly owned 3,292 shares of the company’s stock, valued at C$370,810.88. The trade was a 43.63% increase in their position. Also, insider Ajai Bambawale sold 39,376 shares of Toronto-Dominion Bank stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$4,412,868.32. In the last ninety days, insiders have sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by insiders.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.