Canaccord Genuity Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective hoisted by Canaccord Genuity Group from C$147.00 to C$149.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

TD has been the topic of a number of other reports. BMO Capital Markets lifted their target price on Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their price target on Toronto-Dominion Bank from C$133.00 to C$148.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Jefferies Financial Group dropped their price objective on Toronto-Dominion Bank from C$130.00 to C$128.00 in a report on Wednesday, February 11th. UBS Group increased their target price on Toronto-Dominion Bank from C$122.00 to C$126.00 in a research note on Monday, December 8th. Finally, Desjardins lifted their price target on shares of Toronto-Dominion Bank from C$139.00 to C$145.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$139.83.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD opened at C$129.47 on Monday. The business’s 50-day simple moving average is C$130.85 and its 200 day simple moving average is C$119.92. The company has a market cap of C$217.09 billion, a P/E ratio of 11.20, a PEG ratio of 1.22 and a beta of 0.98. Toronto-Dominion Bank has a one year low of C$78.06 and a one year high of C$136.49.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last released its quarterly earnings results on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a return on equity of 17.26% and a net margin of 19.11%.The firm had revenue of C$16.63 billion during the quarter. Analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current 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.