Barclays Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price target boosted by equities research analysts at Barclays from C$83.00 to C$91.00 in a report released on Monday,BayStreet.CA reports. Barclays's target price suggests a potential downside of 5.51% from the stock's current price.

A number of other research analysts have also weighed in on TD. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the company a "sector perform" rating in a report on Thursday, May 22nd. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. Jefferies Financial Group lowered Toronto-Dominion Bank from a "buy" rating to a "hold" rating and raised their target price for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Finally, CIBC raised 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$89.31.

Toronto-Dominion Bank Trading Up 0.3%

Shares of TD stock traded up C$0.33 during mid-day trading on Monday, reaching C$96.31. The stock had a trading volume of 2,793,769 shares, compared to its average volume of 7,724,499. The business's fifty day moving average is C$88.54 and its 200-day moving average is C$84.00. The firm has a market cap of C$168.96 billion, a price-to-earnings ratio of 19.08, a PEG 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$96.86.

Insider Buying and Selling at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Ajay Kumar Virmani acquired 24,636 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were bought at an average cost of C$81.22 per share, with a total value of C$2,000,935.92. Also, Director Ana Arsov acquired 3,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was acquired at an average cost of C$94.49 per share, for a total transaction of C$283,470.00. Over the last three months, insiders have acquired 31,154 shares of company stock valued at $2,567,191 and have sold 84,628 shares valued at $7,929,143. 0.08% of the stock is owned by corporate insiders.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.