Toronto-Dominion Bank (TD) Receives C$75.75 Average Target Price from Brokerages
Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average rating of “Buy” by the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$75.75.
A number of equities research analysts have issued reports on TD shares. TD Securities increased their price target on Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. CIBC increased their price target on Toronto-Dominion Bank from C$73.00 to C$79.00 in a research note on Monday, November 13th. Royal Bank of Canada increased their price target on Toronto-Dominion Bank from C$72.00 to C$78.00 and gave the stock a “sector perform” rating in a research note on Friday, December 1st. BMO Capital Markets raised their price objective on Toronto-Dominion Bank from C$74.00 to C$76.00 in a research report on Friday, December 1st. Finally, Canaccord Genuity raised their price objective on Toronto-Dominion Bank from C$74.00 to C$78.00 in a research report on Wednesday, November 1st.
Shares of Toronto-Dominion Bank (TD) traded up C$0.25 during mid-day trading on Monday, reaching C$73.65. The company’s stock had a trading volume of 2,791,700 shares, compared to its average volume of 3,589,587. Toronto-Dominion Bank has a 1-year low of C$61.50 and a 1-year high of C$75.09. The stock has a market cap of $135,220.00, a price-to-earnings ratio of 13.42 and a beta of 0.55.
In related news, insider Robert E. Dorrance sold 374,400 shares of Toronto-Dominion Bank stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$73.69, for a total value of C$27,589,536.00. Also, insider Theresa Lynn Currie sold 59,560 shares of Toronto-Dominion Bank stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of C$72.64, for a total value of C$4,326,438.40.
Toronto-Dominion Bank Company Profile
Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.
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