Toronto-Dominion Bank (TSE:TD) Rating Increased to Buy at Desjardins

Key Points

• Desjardins upgraded Toronto-Dominion Bank (TSE:TD) from a "hold" to a "buy" rating with a new price target of C$107.00, suggesting a potential upside of 4.38% from its current price.
• Several other research firms have also raised their price targets for the bank, with Jefferies Financial Group setting a target of C$117.00.
• The stock recently traded up C$1.57 to reach C$102.51, supported by a market capitalization of C$179.84 billion.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD was upgraded by equities research analysts at Desjardins from a "hold" rating to a "buy" rating in a research note issued on Wednesday, Marketbeat reports. The brokerage presently has a C$107.00 price objective on the stock, up from their previous price objective of C$97.00. Desjardins' price target would indicate a potential upside of 4.54% from the stock's previous close. Desjardins also issued estimates for Toronto-Dominion Bank's Q3 2025 earnings at $2.02 EPS, FY2025 earnings at $8.00 EPS and FY2026 earnings at $8.70 EPS.

TD has been the subject of several other reports. CIBC boosted their target price on shares of Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Jefferies Financial Group raised their price objective on shares of Toronto-Dominion Bank from C$103.00 to C$117.00 in a research report on Wednesday. Canaccord Genuity Group set a C$101.00 target price on shares of Toronto-Dominion Bank and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Barclays lifted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a research note on Monday, June 9th. Finally, Scotiabank raised shares of Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$95.31.

Toronto-Dominion Bank Trading Down 0.6%

TSE TD opened at C$102.35 on Wednesday. The company has a 50 day moving average of C$100.15 and a 200-day moving average of C$91.16. The company has a market cap of C$179.56 billion, a price-to-earnings ratio of 20.28, 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$103.11.

Insider Transactions at Toronto-Dominion Bank

In other news, Senior Officer Paul Martyn Clark sold 16,936 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of C$94.87, for a total transaction of C$1,606,718.32. Following the transaction, the insider owned 260 shares of the company's stock, valued at approximately C$24,666.20. The trade was a 98.49% decrease in their position. Also, Director Theresa Lynn Currie sold 48,792 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total transaction of C$4,617,674.88. Following the completion of the sale, the director owned 163 shares in the company, valued at approximately C$15,426.32. This trade represents a 99.67% decrease in their ownership of the stock. Insiders have sold 81,612 shares of company stock worth $7,748,610 in the last ninety days. Company insiders own 0.08% of the company's stock.

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.