Barclays Raises Toronto-Dominion Bank Price Target to C$59.00 (TD)
Barclays hoisted their price objective on shares of Toronto-Dominion Bank (TSE:TD) from C$56.00 to C$59.00 in a research note issued on Tuesday. Barclays’ price target points to a potential upside of 3.58% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Toronto-Dominion Bank from C$51.00 to C$61.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Toronto-Dominion Bank from C$58.00 to C$62.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Toronto-Dominion Bank from C$57.00 to C$58.00 in a research note on Monday, May 26th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Toronto-Dominion Bank has a consensus rating of “Hold” and an average price target of C$67.23.
Toronto-Dominion Bank (TSE:TD) traded up 0.70% during mid-day trading on Tuesday, hitting $57.36. 445,307 shares of the company’s stock traded hands. Toronto-Dominion Bank has a one year low of $43.26 and a one year high of $57.68. The stock has a 50-day moving average of $55.91 and a 200-day moving average of $52.79. The company has a market cap of $105.6 billion and a price-to-earnings ratio of 15.13.
Toronto-Dominion Bank (TSE:TD) last released its earnings data on Friday, May 23rd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Analysts expect that Toronto-Dominion Bank will post $4.33 EPS for the current fiscal year.
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.
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