Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$95.00 at Barclays

Key Points

• Barclays has upgraded its target price for Toronto-Dominion Bank (TSE:TD) from C$91.00 to C$95.00, indicating a potential downside of 7.61% from the stock's previous close.
• The bank's consensus rating is "Hold" with a price target averaging C$93.85 according to various equity analysts, reflecting mixed opinions on the stock.
• In recent insider activity, Director Theresa Lynn Currie sold a significant portion of her shares, while Director Ana Arsov purchased additional shares, signaling diverging views on the stock's future performance.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price target raised by investment analysts at Barclays from C$91.00 to C$95.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an "underweight" rating on the stock. Barclays's target price points to a potential downside of 6.58% from the company's previous close.

Several other research firms have also issued reports on TD. Jefferies Financial Group raised their price target on Toronto-Dominion Bank from C$103.00 to C$117.00 in a research report on Wednesday, August 13th. Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. CIBC lifted their target price on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Desjardins upgraded Toronto-Dominion Bank from a "hold" rating to a "buy" rating and lifted their target price for the stock from C$97.00 to C$107.00 in a report on Wednesday, August 13th. Finally, National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a report on Thursday, May 22nd. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and a consensus target price of C$95.31.

Toronto-Dominion Bank Trading Down 0.4%

Shares of TSE:TD traded down C$0.39 during midday trading on Thursday, hitting C$101.69. The company had a trading volume of 3,240,198 shares, compared to its average volume of 7,622,917. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$103.11. The stock has a market cap of C$178.40 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.22 and a beta of 0.82. The firm has a fifty day simple moving average of C$100.37 and a 200 day simple moving average of C$91.48.

Insiders Place Their Bets

In related news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of Toronto-Dominion Bank stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total value of C$912,947.76. Also, Director Theresa Lynn Currie sold 48,792 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total value of C$4,617,674.88. Following the completion of the sale, the director directly owned 163 shares in the company, valued at approximately C$15,426.32. This represents a 99.67% decrease in their position. Insiders have sold 81,612 shares of company stock valued at $7,748,610 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

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.