Toronto-Dominion Bank (TSE:TD) Given a C$183.00 Price Target at Desjardins

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) received a C$183.00 price objective from analysts at Desjardins in a report released on Wednesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 9.70% from the company’s previous close.

A number of other equities research analysts also recently weighed in on TD. Raymond James Financial raised their price target on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$185.00 to C$197.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Barclays increased their price objective on Toronto-Dominion Bank from C$164.00 to C$167.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Scotiabank boosted their target price on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 28th. Finally, Jefferies Financial Group upped their target price on Toronto-Dominion Bank from C$159.00 to C$164.00 in a research note on Friday, August 28th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Moderate Buy” and an average price target of C$171.00.

Toronto-Dominion Bank Trading Up 0.4%

Shares of TSE:TD traded up C$0.59 during trading on Wednesday, reaching C$166.82. The company had a trading volume of 999,252 shares, compared to its average volume of 5,470,105. The company has a fifty day moving average of C$169.19 and a two-hundred day moving average of C$152.16. The stock has a market capitalization of C$273.34 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a 12 month low of C$102.50 and a 12 month high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, August 27th. The company reported C$2.77 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 14.36% and a return on equity of 12.83%. The company had revenue of C$16.93 billion during the quarter. As a group, equities research analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insider Buying and Selling

In other Toronto-Dominion Bank news, insider Paul Martyn Clark sold 27,649 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total value of C$4,457,571.78. Following the completion of the sale, the insider owned 260 shares in the company, valued at approximately 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 company 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.