Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by Canaccord Genuity Group from C$131.00 to C$141.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 8.52% from the company’s previous close.

Several other equities analysts have also recently issued reports on TD. Raymond James Financial upped their target price on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. Bank of America boosted their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$124.00 to C$134.00 in a research report on Thursday, December 18th. UBS Group raised their target price on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a report on Monday, December 8th. Finally, BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$128.00 to C$135.00 in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$131.33.

Toronto-Dominion Bank Trading Down 0.2%

Shares of TD opened at C$129.93 on Thursday. The business’s fifty day simple moving average is C$129.22 and its two-hundred day simple moving average is C$116.25. Toronto-Dominion Bank has a 12 month low of C$78.06 and a 12 month high of C$134.50. The company has a market cap of C$217.86 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.22 and a beta of 1.00.

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