Jefferies Financial Group Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$128.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lowered by Jefferies Financial Group from C$130.00 to C$128.00 in a research note released on Wednesday,BayStreet.CA reports.

A number of other research firms have also weighed in on TD. UBS Group lifted their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Bank of America raised their price target on Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. Barclays lifted their price target on Toronto-Dominion Bank from C$114.00 to C$118.00 and gave the company an “underweight” rating in a research report on Friday, December 5th. BMO Capital Markets boosted their price objective on Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. Finally, Natl Bk Canada upgraded Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$131.33.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at C$129.93 on Wednesday. The stock has a market capitalization of C$217.86 billion, a P/E ratio of 11.24, a P/E/G ratio of 1.22 and a beta of 1.00. Toronto-Dominion Bank has a 52-week low of C$78.06 and a 52-week high of C$134.50. The stock’s 50-day simple moving average is C$129.22 and its 200 day simple moving average is C$116.25.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The firm had revenue of C$16.03 billion during the quarter. Equities research analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.