Jefferies Financial Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Key Points

• Jefferies Financial Group has raised its price target for Toronto-Dominion Bank from C$120.00 to C$124.00, suggesting an upside potential of 11.30% from the stock's previous close.
• Multiple analysts have issued positive revisions for Toronto-Dominion Bank's price targets, with Scotiabank and Desjardins also increasing theirs to C$104.00 and C$110.00, respectively.
• The bank's stock recently traded at C$111.41, showing a slight increase of 0.3%, and has a 1-year trading range of C$73.22 to C$114.24.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price target raised by analysts at Jefferies Financial Group from C$120.00 to C$124.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group's price target indicates a potential upside of 11.30% from the stock's previous close.

Other research analysts have also issued reports about the stock. Scotiabank raised their price target on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a "sector perform" rating in a research report on Friday, August 29th. Desjardins boosted their price objective on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a "buy" rating in a research report on Friday, August 29th. BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a report on Tuesday. CIBC raised their target price on shares of Toronto-Dominion Bank from C$109.00 to C$112.00 in a research note on Friday, September 5th. Finally, Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the stock a "buy" rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average price target of C$102.67.

Toronto-Dominion Bank Stock Up 0.3%

TSE TD traded up C$0.30 on Tuesday, hitting C$111.41. The company's stock had a trading volume of 2,313,876 shares, compared to its average volume of 7,205,321. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$114.24. The company's 50-day moving average is C$103.84 and its 200 day moving average is C$95.76. The firm has a market cap of C$195.17 billion, a PE ratio of 9.54, a PEG ratio of 1.22 and a beta of 0.87.

About Toronto-Dominion Bank

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.

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