National Bankshares Issues Pessimistic Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target cut by National Bankshares from C$84.00 to C$80.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 0.41% from the company’s current price.

Several other research firms have also recently weighed in on TD. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and upped their price target for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Canaccord Genuity Group boosted their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Scotiabank decreased their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada boosted their target price on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. Finally, CIBC decreased their price target on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. One 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$88.75.

Toronto-Dominion Bank Stock Up 0.4 %

Shares of TSE TD opened at C$79.67 on Monday. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The company’s fifty day moving average is C$84.58 and its 200-day moving average is C$81.34. The stock has a market cap of C$139.77 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.22 and a beta of 0.82.

Insider Buying and Selling

In other news, Director Theresa Lynn Currie sold 45,172 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was 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 approximately C$14,099.50. This represents a 99.64 % decrease in their ownership of the stock. Also, Director Michael A. French sold 9,288 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total value of C$791,802.00. 0.08% of the stock is owned by insiders.

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.