Barclays Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price upped by research analysts at Barclays from C$164.00 to C$167.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 0.74% from the stock’s current price.

TD has been the subject of several other reports. Raymond James Financial boosted their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Desjardins lifted their target price on Toronto-Dominion Bank from C$160.00 to C$183.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Scotiabank boosted their price target on Toronto-Dominion Bank from C$180.00 to C$187.00 and gave the company a “sector outperform” rating in a research report on Friday. Jefferies Financial Group upped their price target on Toronto-Dominion Bank from C$159.00 to C$164.00 in a research note on Friday. Finally, Royal Bank Of Canada raised their price objective on Toronto-Dominion Bank from C$156.00 to C$173.00 and gave the stock an “outperform” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$170.00.

Toronto-Dominion Bank Stock Up 0.2%

Shares of TD stock traded up C$0.41 during trading hours on Friday, hitting C$168.25. 1,043,349 shares of the company were exchanged, compared to its average volume of 5,520,668. The firm has a fifty day moving average of C$169.31 and a 200 day moving average of C$151.43. Toronto-Dominion Bank has a 1 year low of C$100.43 and a 1 year high of C$175.33. The firm has a market cap of C$277.96 billion, a PE ratio of 19.75, a PEG ratio of 1.22 and a beta of 0.88.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its earnings results 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 13.21% and a return on equity of 11.85%. The firm had revenue of C$16.93 billion during the quarter. Analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Kelvin Vi Luan Tran sold 8,498 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$156.61, for a total transaction of C$1,330,871.78. Following the completion of the sale, the insider directly owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. This represents a 24.16% decrease in their position. Also, insider Paul Martyn Clark sold 27,649 shares of the stock in a transaction on Thursday, June 11th. The shares were 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 of the company’s stock, valued at approximately C$41,917.20. This represents a 99.07% decrease in their ownership of the stock. 0.08% of the stock is currently owned by corporate 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.