Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$117.00 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised its price target for Toronto-Dominion Bank from C$103.00 to C$117.00, indicating a potential upside of 14.14% from the stock's previous close.
• Multiple analysts have issued reports with varying price targets, including Barclays raising their target to C$91.00 and CIBC raising it to C$99.00, suggesting mixed outlooks on the stock.
• Toronto-Dominion Bank shares traded up to C$102.51, with a strong market presence and a market capitalization of C$179.84 billion.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price increased by analysts at Jefferies Financial Group from C$103.00 to C$117.00 in a report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group's price objective would indicate a potential upside of 14.14% from the stock's previous close.

Other analysts have also recently issued reports about the company. Barclays increased their price target on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. CIBC raised their target price on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Finally, Canaccord Genuity Group set a C$101.00 target price on Toronto-Dominion Bank and gave the company a "buy" rating in a research report on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$93.54.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock traded up C$1.57 on Wednesday, reaching C$102.51. 2,164,648 shares of the company were exchanged, compared to its average volume of 7,726,681. The company's 50-day moving average is C$99.73 and its two-hundred day moving average is C$90.81. The firm has a market cap of C$179.84 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$102.85.

Insider Activity

In other Toronto-Dominion Bank news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$94.98, for a total transaction of C$912,947.76. Also, Senior Officer Paul Martyn Clark sold 16,936 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$94.87, for a total value of C$1,606,718.32. Following the sale, the insider directly owned 260 shares of the company's stock, valued at approximately C$24,666.20. This represents a 98.49% decrease in their ownership of the stock. Insiders sold a total of 81,612 shares of company stock worth $7,748,610 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

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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