Canaccord Genuity Group Increases Toronto-Dominion Bank (TSE:TD) Price Target to C$149.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price increased by research analysts at Canaccord Genuity Group from C$147.00 to C$149.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 15.70% from the stock’s previous close.

A number of other analysts have also commented on TD. Jefferies Financial Group decreased their price objective on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday, February 11th. UBS Group upped their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. National Bank Financial raised their price target on shares of Toronto-Dominion Bank from C$138.00 to C$146.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Royal Bank Of Canada lifted their price target on shares of Toronto-Dominion Bank from C$133.00 to C$148.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, Bank of America boosted their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday, December 5th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$139.83.

Toronto-Dominion Bank Stock Performance

TD stock traded down C$1.28 on Monday, reaching C$128.78. The company had a trading volume of 1,657,374 shares, compared to its average volume of 6,374,628. The company’s fifty day moving average is C$130.86 and its 200 day moving average is C$119.73. The company has a market cap of C$215.94 billion, a P/E ratio of 11.14, a PEG ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a 1 year low of C$78.06 and a 1 year high of C$136.49.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The company had revenue of C$16.63 billion during the quarter. On average, sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current 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.