Toronto-Dominion Bank (TSE:TD) Stock Rating Upgraded by Royal Bank Of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) was upgraded by stock analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Friday, Marketbeat.com reports. The firm presently has a C$120.00 price target on the stock, up from their previous price target of C$93.00. Royal Bank Of Canada’s target price points to a potential upside of 5.95% from the company’s previous close.

Several other equities analysts have also recently issued reports on TD. National Bankshares set a C$100.00 price target on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Monday, September 22nd. Jefferies Financial Group lifted their price objective on Toronto-Dominion Bank from C$120.00 to C$124.00 in a report on Tuesday, September 30th. Barclays lifted their price objective on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an “underweight” rating in a report on Friday, August 29th. CIBC lifted their price objective on Toronto-Dominion Bank from C$109.00 to C$112.00 in a report on Friday, September 5th. Finally, BMO Capital Markets lifted their price objective on Toronto-Dominion Bank from C$102.00 to C$107.00 in a report on Tuesday, September 30th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and an average price target of C$105.50.

Toronto-Dominion Bank Stock Up 1.9%

Shares of TD stock opened at C$113.26 on Friday. The stock has a market capitalization of C$198.41 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.22 and a beta of 0.87. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$114.24. The stock’s 50-day moving average price is C$104.61 and its 200 day moving average price is C$96.42.

Insider Activity at Toronto-Dominion Bank

In other news, insider Ajai Bambawale sold 7,328 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total transaction of C$821,248.96. Following the sale, the insider owned 800 shares of the company’s stock, valued at C$89,656. The trade was a 90.16% decrease in their position. Over the last 90 days, insiders sold 84,384 shares of company stock worth $9,456,915. 0.08% of the stock is owned by insiders.

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.