National Bankshares Has Lowered Expectations for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target decreased by equities researchers at National Bankshares from C$84.00 to C$80.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 0.23% from the stock’s current price.

A number of other brokerages have also commented on TD. CIBC reduced their target price on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. UBS Group increased their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. Scotiabank lowered their target price on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Finally, BMO Capital Markets raised Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus target price of C$88.75.

Toronto-Dominion Bank Stock Down 1.7 %

TD traded down C$1.38 during trading hours on Monday, reaching C$79.82. 11,963,248 shares of the company’s stock traded hands, compared to its average volume of 8,458,212. The firm has a 50-day moving average price of C$84.77 and a 200 day moving average price of C$81.44. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The firm has a market capitalization of C$140.04 billion, a PE ratio of 15.82, a PEG ratio of 1.22 and a beta of 0.82.

Insider Activity

In other news, Director Michael A. French sold 9,288 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$85.25, for a total transaction of C$791,802.00. Also, Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the transaction, the director now owns 163 shares of the company’s stock, valued at approximately C$14,099.50. This represents a 99.64 % decrease in their ownership of the stock. Company insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.