Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by equities research analysts at Royal Bank of Canada from C$81.00 to C$84.00 in a research note issued to investors on Wednesday. Royal Bank of Canada’s target price suggests a potential upside of 15.89% from the stock’s previous close.
A number of other equities research analysts also recently commented on TD. BMO Capital Markets increased their price objective on shares of Toronto-Dominion Bank from C$76.00 to C$79.00 in a research report on Monday, February 5th. CSFB upped their target price on shares of Toronto-Dominion Bank from C$79.00 to C$80.00 in a report on Tuesday, January 30th. CIBC upgraded shares of Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$79.00 to C$84.00 in a report on Thursday, February 1st. Eight Capital upped their target price on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 in a report on Friday, December 1st. Finally, National Bank Financial upped their target price on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 and gave the company an “outperform” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$77.33.
Shares of Toronto-Dominion Bank (TD) traded up C$1.09 on Wednesday, reaching C$72.48. 2,342,041 shares of the company traded hands, compared to its average volume of 3,388,324. Toronto-Dominion Bank has a 1 year low of C$61.50 and a 1 year high of C$75.21. The stock has a market cap of $133,550.00, a P/E ratio of 13.20 and a beta of 0.55.
In related news, insider Theresa Lynn Currie sold 59,560 shares of the stock in a transaction on 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 stock in a transaction on Monday, December 4th. The stock was 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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