Toronto-Dominion Bank (TSE:TD) Given New C$132.00 Price Target at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by Scotiabank from C$125.00 to C$132.00 in a research report report published on Friday,BayStreet.CA reports.

A number of other analysts also recently issued reports on the company. Desjardins lifted their price target on Toronto-Dominion Bank from C$126.00 to C$133.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Jefferies Financial Group boosted their target price on Toronto-Dominion Bank from C$125.00 to C$130.00 in a research note on Friday, December 5th. Raymond James Financial increased their price target on shares of Toronto-Dominion Bank from C$119.00 to C$122.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. UBS Group boosted their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. Finally, Bank of America upped their target price on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$129.17.

Toronto-Dominion Bank Stock Up 0.0%

TSE TD opened at C$131.17 on Friday. Toronto-Dominion Bank has a 52 week low of C$76.33 and a 52 week high of C$132.72. The firm has a 50 day moving average of C$122.03 and a two-hundred day moving average of C$111.18. The stock has a market capitalization of C$221.61 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings data on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. The business had revenue of C$16.03 billion during the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. On average, equities research analysts expect that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current fiscal year.

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.