CIBC Forecasts Strong Price Appreciation for Toronto-Dominion Bank (TSE:TD) Stock

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price target lifted by research analysts at CIBC from C$96.00 to C$99.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price target would suggest a potential upside of 2.75% from the company's current price.

Several other equities research analysts also recently commented on the stock. 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 research report on Thursday, May 22nd. UBS Group increased their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and increased their price target for the stock from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$89.08.

Toronto-Dominion Bank Price Performance

Shares of Toronto-Dominion Bank stock traded up C$0.75 on Thursday, hitting C$96.35. The company had a trading volume of 2,674,348 shares, compared to its average volume of 7,889,409. The business has a 50-day simple moving average of C$87.76 and a 200-day simple moving average of C$83.58. The company has a market cap of C$169.04 billion, a PE ratio of 19.09, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$96.48.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Senior Officer Paul Martyn Clark sold 16,936 shares of the firm'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 completion of the transaction, the insider now directly owns 260 shares of the company's stock, valued at approximately C$24,666.20. This trade represents a 98.49% decrease in their position. Also, Director Ajay Kumar Virmani acquired 24,636 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average cost of C$81.22 per share, with a total value of C$2,000,935.92. In the last ninety days, insiders purchased 31,154 shares of company stock valued at $2,567,191 and sold 84,628 shares valued at $7,929,143. Insiders own 0.08% of the company's stock.

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.