Jefferies Financial Group Issues Pessimistic Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target dropped by Jefferies Financial Group from C$130.00 to C$128.00 in a report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential downside of 3.56% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Barclays upped their price objective on shares of Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research report on Friday, December 5th. Royal Bank Of Canada lifted their price objective on Toronto-Dominion Bank from C$128.00 to C$133.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. BMO Capital Markets upped their target price on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research report on Wednesday, December 17th. Desjardins raised their price target on shares of Toronto-Dominion Bank from C$133.00 to C$139.00 and gave the stock a “buy” rating in a research report on Monday. Finally, UBS Group lifted their price target on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$129.50.

Toronto-Dominion Bank Price Performance

TSE TD traded down C$0.92 on Wednesday, reaching C$132.72. The company had a trading volume of 1,416,392 shares, compared to its average volume of 7,844,875. Toronto-Dominion Bank has a 1 year low of C$78.06 and a 1 year high of C$134.50. The firm has a 50-day moving average of C$128.57 and a 200-day moving average of C$115.84. The firm has a market capitalization of C$222.54 billion, a PE ratio of 11.48, a P/E/G ratio of 1.22 and a beta of 1.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its earnings results on Thursday, December 4th. The company reported C$2.18 EPS for the quarter. The business had revenue of C$16.03 billion for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. As a group, sell-side analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

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.