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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target boosted by stock analysts at Barclays from C$83.00 to C$91.00 in a note issued to investors on Monday,BayStreet.CA reports. Barclays‘s target price points to a potential downside of 5.95% from the stock’s previous close.

Several other brokerages also recently issued reports on TD. UBS Group upped their price target on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. CIBC upped their price objective on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an “outperform” rating in a research note on Thursday, June 5th. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research note on Thursday, May 22nd. Scotiabank upgraded Toronto-Dominion Bank to a “hold” rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating and upped their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$89.31.

Toronto-Dominion Bank Trading Up 0.9%

Shares of Toronto-Dominion Bank stock opened at C$96.76 on Monday. The stock has a fifty day simple moving average of C$88.24 and a 200 day simple moving average of C$83.88. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$96.86. The company has a market capitalization of C$169.75 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Insider Transactions at Toronto-Dominion Bank

In related news, Director Ana Arsov purchased 3,000 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was acquired at an average price of C$94.49 per share, with a total value of C$283,470.00. Also, 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 value of C$1,606,718.32. Following the completion of the transaction, the insider now owns 260 shares in the company, valued at C$24,666.20. The trade was a 98.49% decrease in their ownership of the stock. Over the last quarter, insiders acquired 31,154 shares of company stock worth $2,567,191 and sold 84,628 shares worth $7,929,143. Company 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.