Toronto-Dominion Bank (TSE:TD) PT Set at C$190.00 by National Bank Financial

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) received a C$190.00 price target from analysts at National Bank Financial in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 17.65% from the stock’s previous close.

A number of other equities analysts have also commented on TD. Raymond James Financial raised their price objective on shares of Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods set a C$180.00 target price on Toronto-Dominion Bank and gave the stock a “market perform” rating in a research report on Friday. Canadian Imperial Bank of Commerce upped their price target on Toronto-Dominion Bank from C$164.00 to C$184.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Barclays increased their price objective on Toronto-Dominion Bank from C$140.00 to C$164.00 in a research note on Friday. Finally, Canaccord Genuity Group raised their price objective on Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Moderate Buy” and an average price target of C$164.15.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD traded up C$0.25 during midday trading on Monday, reaching C$161.49. The company had a trading volume of 1,004,445 shares, compared to its average volume of 5,572,234. The company has a fifty day simple moving average of C$169.43 and a two-hundred day simple moving average of C$150.46. The firm has a market cap of C$266.79 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. Toronto-Dominion Bank has a 1-year low of C$100.01 and a 1-year high of C$175.33.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$2.38 EPS for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. The company had revenue of C$16.04 billion during the quarter. Analysts expect that Toronto-Dominion Bank will post 7.2160149 EPS for the current year.

Insiders Place Their Bets

In related news, insider Paul Martyn Clark sold 27,649 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the sale, the insider directly owned 260 shares in the company, valued at approximately C$41,917.20. This trade represents a 99.07% decrease in their ownership of the stock. Also, insider Kelvin Vi Luan Tran sold 8,498 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the sale, the insider owned 26,677 shares of the company’s stock, valued at approximately C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

About Toronto-Dominion Bank

TD Asset Management Inc (‘TDAM’), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.