Toronto-Dominion Bank (TSE:TD) Given New C$117.00 Price Target 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 price target hoisted by investment analysts at Jefferies Financial Group from C$103.00 to C$117.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 14.62% from the company's current price.

Several other analysts have also recently issued reports on TD. National Bankshares set a C$80.00 price target on shares of Toronto-Dominion Bank and gave the company a "sector perform" rating in a report on Thursday, May 22nd. Scotiabank raised shares of Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. Canaccord Genuity Group set a C$101.00 price target on Toronto-Dominion Bank and gave the stock a "buy" rating in a research note on Tuesday, June 24th. CIBC upped their price objective on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Finally, Barclays lifted their target price on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$95.31.

Toronto-Dominion Bank Stock Down 0.3%

Shares of TD traded down C$0.27 during trading on Wednesday, reaching C$102.08. The company's stock had a trading volume of 3,441,521 shares, compared to its average volume of 7,650,655. The company has a market cap of C$179.09 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.22 and a beta of 0.82. The company has a fifty day moving average of C$100.27 and a two-hundred day moving average of C$91.41. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$103.11.

Insider Buying and Selling at Toronto-Dominion Bank

In related news, Senior Officer Kelvin Vi Luan Tran sold 9,612 shares of the stock in a transaction that occurred on 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, Senior Officer Paul Martyn Clark sold 16,936 shares of the business'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 transaction, the insider owned 260 shares of the company's stock, valued at C$24,666.20. This trade represents a 98.49% decrease in their position. In the last ninety days, insiders have sold 81,612 shares of company stock valued at $7,748,610. Corporate insiders own 0.08% of the company's stock.

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.