Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$80.00 by Analysts at National Bankshares

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price reduced by National Bankshares from C$84.00 to C$80.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price objective points to a potential downside of 1.30% from the company's previous close.

TD has been the subject of a number of other reports. Royal Bank of Canada increased their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 8th. Scotiabank lowered their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 20th. UBS Group increased their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating and boosted their price target for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 price objective for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of "Hold" and an average price target of C$88.75.

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Toronto-Dominion Bank Stock Performance

Shares of TD stock traded up C$1.85 during mid-day trading on Monday, reaching C$81.05. 6,727,857 shares of the company's stock traded hands, compared to its average volume of 8,753,371. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The firm has a 50 day moving average price of C$84.43 and a two-hundred day moving average price of C$81.21. The firm has a market capitalization of C$142.19 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Insider Activity

In related news, Director Theresa Lynn Currie sold 45,172 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the transaction, the director now owns 163 shares of the company's stock, valued at C$14,099.50. This trade represents a 99.64 % decrease in their position. Also, Director Michael A. French sold 9,288 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$85.25, for a total transaction of C$791,802.00. Insiders own 0.08% of the company's stock.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.