Canaccord Genuity Group Increases Toronto-Dominion Bank (TSE:TD) Price Target to C$126.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by stock analysts at Canaccord Genuity Group from C$122.00 to C$126.00 in a research note issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 3.29% from the company’s previous close.

A number of other brokerages also recently issued reports on TD. BMO Capital Markets increased their price target on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a report on Tuesday, September 30th. Jefferies Financial Group increased their target price on shares of Toronto-Dominion Bank from C$125.00 to C$130.00 in a research note on Friday. CIBC boosted their price target on shares of Toronto-Dominion Bank from C$112.00 to C$122.00 in a research report on Wednesday, November 19th. Royal Bank Of Canada upped their price target on shares of Toronto-Dominion Bank from C$120.00 to C$128.00 in a report on Friday. Finally, Barclays lifted their price objective on Toronto-Dominion Bank from C$100.00 to C$114.00 and gave the company an “underweight” rating in a research note on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$118.14.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$1.90 during trading on Friday, hitting C$121.99. 2,481,790 shares of the company were exchanged, compared to its average volume of 7,114,264. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$122.24. The stock has a 50 day moving average of C$113.94 and a 200 day moving average of C$105.23. The company has a market cap of C$208.26 billion, a PE ratio of 10.44, a P/E/G ratio of 1.22 and a beta of 0.98.

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

Insider Activity

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 7,328 shares of the firm’s 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$821,248.96. Following the transaction, the insider owned 800 shares in the company, valued at approximately C$89,656. The trade was a 90.16% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 84,384 shares of company stock valued at $9,456,915. Company insiders own 0.08% of the company’s stock.

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.