Toronto-Dominion Bank (TSE:TD) Price Target Increased to C$82.00 by Analysts at Jefferies Financial Group

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD had its target price raised by investment analysts at Jefferies Financial Group from C$73.00 to C$82.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 4.45% from the stock's previous close.

Other research analysts have also issued research reports about the stock. Cibc World Mkts raised shares of Toronto-Dominion Bank from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 24th. BMO Capital Markets dropped their target price on shares of Toronto-Dominion Bank from C$86.00 to C$84.00 and set a "market perform" rating on the stock in a report on Friday, May 24th. Royal Bank of Canada raised their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 and gave the stock an "outperform" rating in a report on Friday, May 24th. Desjardins dropped their target price on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 and set a "buy" rating on the stock in a report on Friday, May 24th. Finally, National Bankshares downgraded shares of Toronto-Dominion Bank from a "sector perform" rating to an "underperform" rating and dropped their target price for the stock from C$84.00 to C$75.00 in a report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toronto-Dominion Bank currently has an average rating of "Moderate Buy" and a consensus target price of C$87.57.

Toronto-Dominion Bank Stock Performance

TD traded up C$0.15 during midday trading on Monday, hitting C$78.51. The company had a trading volume of 4,688,922 shares, compared to its average volume of 7,322,106. The company has a market capitalization of C$138.18 billion, a PE ratio of 13.34, a P/E/G ratio of 1.08 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.67 and a twelve month high of C$86.89. The firm's 50-day simple moving average is C$77.03 and its 200-day simple moving average is C$78.79.

Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD last released its quarterly earnings data on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, topping the consensus estimate of C$1.84 by C$0.20. Toronto-Dominion Bank had a net margin of 21.91% and a return on equity of 9.89%. The business had revenue of C$13.82 billion for the quarter, compared to analyst estimates of C$13.38 billion. As a group, sell-side analysts anticipate that Toronto-Dominion Bank will post 7.8691589 EPS for the current fiscal year.

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.