Toronto-Dominion Bank (TSE:TD) Given New C$141.00 Price Target at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by stock analysts at Canaccord Genuity Group from C$131.00 to C$141.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 7.96% from the stock’s current price.

Several other equities research analysts also recently issued reports on TD. Natl Bk Canada upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$124.00 to C$134.00 in a report on Thursday, December 18th. Jefferies Financial Group reduced their target price on shares of Toronto-Dominion Bank from C$130.00 to C$128.00 in a research note on Wednesday. Canadian Imperial Bank of Commerce boosted their price target on Toronto-Dominion Bank from C$122.00 to C$129.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Finally, Bank of America raised their price objective on Toronto-Dominion Bank from C$130.00 to C$132.00 in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$130.75.

Toronto-Dominion Bank Stock Performance

Shares of TD traded down C$1.47 during trading hours on Thursday, hitting C$130.60. 1,462,139 shares of the company were exchanged, compared to its average volume of 7,687,217. The firm’s 50 day moving average is C$128.86 and its 200-day moving average is C$115.95. Toronto-Dominion Bank has a 52 week low of C$78.06 and a 52 week high of C$134.50. The company has a market cap of C$218.99 billion, a PE ratio of 11.30, a PEG ratio of 1.22 and a beta of 1.00.

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