Toronto-Dominion Bank (TD) Receives Consensus Rating of “Buy” from Brokerages
Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$75.75.
TD has been the subject of several research reports. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$69.00 to C$74.00 in a report on Thursday, August 31st. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. Canaccord Genuity upped their price objective on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 in a report on Wednesday, November 1st. CSFB upped their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$75.00 in a report on Friday, September 1st. Finally, TD Securities upped their price objective on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Friday, September 1st.
Shares of Toronto-Dominion Bank (TD) traded up C$0.14 on Monday, reaching C$72.99. 1,842,000 shares of the company’s stock traded hands, compared to its average volume of 3,599,805. The stock has a market cap of $134,480.00, a PE ratio of 13.30 and a beta of 0.55. Toronto-Dominion Bank has a fifty-two week low of C$61.50 and a fifty-two week high of C$75.09.
In other news, insider Theresa Lynn Currie sold 59,560 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total transaction of C$4,326,438.40. Also, insider Robert E. Dorrance sold 374,400 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$73.69, for a total transaction of C$27,589,536.00.
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About Toronto-Dominion Bank
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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