Toronto-Dominion Bank (TD) PT Raised to C$84.00 at Royal Bank of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by investment analysts at Royal Bank of Canada from C$81.00 to C$84.00 in a report released on Wednesday. Royal Bank of Canada’s target price would suggest a potential upside of 15.37% from the stock’s current price.

Several other equities analysts have also issued reports on TD. Canaccord Genuity lifted their price target on shares of Toronto-Dominion Bank from C$74.00 to C$78.00 in a report on Wednesday, November 1st. CIBC lifted their price target on shares of Toronto-Dominion Bank from C$73.00 to C$79.00 in a report on Monday, November 13th. BMO Capital Markets lifted their price target on shares of Toronto-Dominion Bank from C$74.00 to C$76.00 in a report on Friday, December 1st. CSFB lifted their price target on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 in a report on Friday, December 1st. Finally, Eight Capital lifted their price target on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$77.33.

Toronto-Dominion Bank (TSE TD) opened at C$72.81 on Wednesday. Toronto-Dominion Bank has a 1-year low of C$61.50 and a 1-year high of C$75.21. The stock has a market cap of $134,210.00, a P/E ratio of 13.26 and a beta of 0.55.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, November 30th. The company reported C$1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.41 by C($0.05). Toronto-Dominion Bank had a return on equity of 15.43% and a net margin of 28.14%. The firm had revenue of C$9.27 billion during the quarter, compared to analysts’ expectations of C$9.03 billion.

In other news, insider Theresa Lynn Currie sold 59,560 shares of Toronto-Dominion Bank stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$72.64, for a total transaction of C$4,326,438.40. Also, insider Robert E. Dorrance sold 374,400 shares of Toronto-Dominion Bank stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$73.69, for a total transaction of C$27,589,536.00.

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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.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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