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

Key Points

• UBS raised its price target on Toronto‑Dominion Bank to C$126, implying roughly a 2.85% upside, while other analysts also bumped targets; the MarketBeat average target is C$122.77 with a consensus rating of Hold.
• TD shares traded at C$122.51 (near the one‑year high of C$122.76), and the bank has a market capitalization of C$206.98 billion with a P/E of 10.49.
• Insider activity was mixed: a director bought 1,000 shares at C$112.64, but insiders have sold 84,384 shares (~C$9.46M) in the last 90 days and now own 0.08% of the company.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its price objective increased by analysts at UBS Group from C$122.00 to C$126.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. UBS Group's target price indicates a potential upside of 2.85% from the company's previous close.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group upped their price objective on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research note on Friday. Raymond James Financial upped their price target on Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the stock a "market perform" rating in a research report on Friday. CIBC raised their price objective on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. BMO Capital Markets boosted their price objective on Toronto-Dominion Bank from C$120.00 to C$128.00 in a research note on Friday. Finally, Bank of America increased their target price on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$122.77.

Toronto-Dominion Bank Stock Up 0.3%

Shares of Toronto-Dominion Bank stock traded up C$0.31 during trading hours on Monday, reaching C$122.51. 1,842,121 shares of the stock traded hands, compared to its average volume of 7,097,457. Toronto-Dominion Bank has a one year low of C$73.25 and a one year high of C$122.76. The firm has a market capitalization of C$206.98 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 1.22 and a beta of 0.98. The company has a 50 day moving average price of C$114.18 and a 200 day moving average price of C$105.67.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last issued its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The firm had revenue of C$16.03 billion for the quarter. Sell-side analysts anticipate that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Insider Buying and Selling

In other Toronto-Dominion Bank news, Director Nathalie Palladitcheff purchased 1,000 shares of the stock in a transaction dated Monday, October 6th. The stock was acquired at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the acquisition, the director owned 3,292 shares in the company, valued at C$370,810.88. This trade represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 7,328 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$821,248.96. Following the sale, the insider directly owned 800 shares of the company's stock, valued at C$89,656. The trade was a 90.16% decrease in their ownership of the stock. Insiders have sold a total of 84,384 shares of company stock valued at $9,456,915 in the last 90 days. 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.

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