Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$159.00 at Jefferies Financial Group

Key Points

• Jefferies raised Toronto-Dominion Bank’s price target from C$151 to C$159, implying 7.56% downside from the prior close. MarketBeat reports a consensus “Moderate Buy” rating and average target of C$159.17.
• TD shares traded at C$172.01, near their 52-week high of C$175.33. The bank reported quarterly revenue of C$16.04 billion and earnings of C$2.38 per share.
• Insiders recently sold shares, including transactions by Kelvin Vi Luan Tran and Paul Martyn Clark; corporate insiders own approximately 0.08% of the company.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price target increased by analysts at Jefferies Financial Group from C$151.00 to C$159.00 in a note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group's price objective would suggest a potential downside of 7.56% from the stock's previous close.

Other analysts have also recently issued reports about the company. Canadian Imperial Bank of Commerce upped their target price on Toronto-Dominion Bank from C$151.00 to C$164.00 and gave the company a "neutral" rating in a research report on Friday, May 29th. Raymond James Financial boosted their target price on Toronto-Dominion Bank from C$155.00 to C$180.00 and gave the stock an "outperform" rating in a research report on Wednesday. Barclays lifted their price objective on Toronto-Dominion Bank from C$135.00 to C$140.00 and gave the stock an "underweight" rating in a research report on Friday, May 29th. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$169.00 to C$185.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, Scotiabank increased their price target on Toronto-Dominion Bank from C$164.00 to C$169.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, June 16th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Toronto-Dominion Bank presently has a consensus rating of "Moderate Buy" and a consensus target price of C$159.17.

Toronto-Dominion Bank Trading Up 0.0%

TD traded up C$0.03 during mid-day trading on Thursday, hitting C$172.01. 1,072,709 shares of the stock were exchanged, compared to its average volume of 5,678,211. The company has a market cap of C$284.17 billion, a PE ratio of 20.19, a PEG ratio of 1.22 and a beta of 0.88. The firm's fifty day moving average is C$168.40 and its two-hundred day moving average is C$148.56. Toronto-Dominion Bank has a 1-year low of C$100.01 and a 1-year high of C$175.33.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its earnings results on Thursday, May 28th. The company reported C$2.38 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a net margin of 13.21% and a return on equity of 11.85%. The company had revenue of C$16.04 billion for the quarter. As a group, research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, insider Kelvin Vi Luan Tran sold 8,498 shares of the company's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$156.61, for a total value of C$1,330,871.78. Following the completion of the sale, the insider owned 26,677 shares in the company, valued at C$4,177,884.97. This represents a 24.16% decrease in their ownership of the stock. Also, insider Paul Martyn Clark sold 27,649 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$161.22, for a total transaction of C$4,457,571.78. Following the completion of the sale, the insider owned 260 shares in the company, valued at C$41,917.20. The trade was a 99.07% decrease in their ownership of the stock. Corporate insiders own 0.08% of the company's stock.

About Toronto-Dominion Bank

TD Asset Management Inc ('TDAM'), a member of TD Bank Group, is a Canadian investment management firm with a growing global presence. Bringing together three decades of investment experience, our broad selection of strategies and solutions includes fundamental equities, quantitative and passive equities, fixed income across the credit quality spectrum and alternatives, such as private credit, infrastructure and real estate. TDAM offers institutional investment solutions to corporations, pension funds, endowments and foundations, sovereign wealth funds and superannuation funds, among others.

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