Toronto-Dominion Bank (TSE:TD) PT Set at C$114.00 by Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) received a C$114.00 target price from investment analysts at Scotiabank in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential downside of 2.69% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group boosted their price target on shares of Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. BMO Capital Markets lifted their target price on shares of Toronto-Dominion Bank from C$102.00 to C$107.00 in a report on Tuesday, September 30th. Raymond James Financial set a C$119.00 target price on Toronto-Dominion Bank and gave the company a “market perform” rating in a report on Tuesday. Jefferies Financial Group lifted their target price on Toronto-Dominion Bank from C$120.00 to C$124.00 in a report on Tuesday, September 30th. Finally, CIBC increased their target price on Toronto-Dominion Bank from C$112.00 to C$122.00 in a report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank has an average rating of “Hold” and an average target price of C$109.46.

Toronto-Dominion Bank Trading Up 1.0%

Shares of TSE:TD opened at C$117.15 on Tuesday. The company has a market capitalization of C$200.00 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.22 and a beta of 0.96. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$117.33. The business has a 50-day moving average price of C$112.86 and a 200 day moving average price of C$104.15.

Insider Transactions at Toronto-Dominion Bank

In related news, insider Ajai Bambawale sold 7,328 shares of the business’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 transaction, the insider owned 800 shares in the company, valued at C$89,656. The trade was a 90.16% decrease in their position. Also, Director Nathalie Palladitcheff acquired 1,000 shares of Toronto-Dominion Bank stock in a transaction on Monday, October 6th. The shares were bought at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the purchase, the director owned 3,292 shares in the company, valued at C$370,810.88. The trade was a 43.63% increase in their ownership of the stock. Insiders sold 84,384 shares of company stock valued at $9,456,915 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

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.