Toronto-Dominion Bank PT Raised to C$56.00 at Barclays (TD)
Equities research analysts at Barclays boosted their price target on shares of Toronto-Dominion Bank (TSE:TD) from C$53.00 to C$56.00 in a research note issued to investors on Friday. Barclays’ price target would suggest a potential upside of 5.16% from the stock’s previous close.
Toronto-Dominion Bank (TSE:TD) opened at 53.25 on Friday. Toronto-Dominion Bank has a one year low of $40.235 and a one year high of $53.32. The stock has a 50-day moving average of $51.86 and a 200-day moving average of $49.91. The company has a market cap of $97.857 billion and a price-to-earnings ratio of 14.40.
Toronto-Dominion Bank (TSE:TD) last posted its quarterly earnings results on Friday, May 23rd. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.07. Analysts expect that Toronto-Dominion Bank will post $4.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.53%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Toronto-Dominion Bank from C$53.00 to C$55.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Toronto-Dominion Bank from C$50.00 to C$51.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Toronto-Dominion Bank from C$54.00 to C$56.00 in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$69.64.
The Toronto-Dominion Bank is a Canada-based bank, offering a range of financial products and services through TD Canada Trust, TD Bank, TD commercial Bank, TD commercial Banking and TD Auto finance.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.