The Toronto-Dominion Bank (TSE: TD) (NYSE: TD) saw its price target raised by analysts at Credit Suisse Group to C $ 87.00 in a report released on Monday, Target equity advisor reports. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s price target suggests a potential decline of 1.08% from the company’s previous close.
Other stock analysts have also published reports on the stock. National Bankshares raised its price target for Toronto-Dominion Bank shares from C $ 87.00 to C $ 89.00 and assigned the stock a “sector performance” rating in a research report released on Friday May 28. National Bank Financial raised its target price for Toronto-Dominion Bank shares to C $ 89.00 and assigned the stock a âsector performanceâ rating in a research report published on Friday, May 28. Scotiabank raised its target price for The Toronto-Dominion Bank shares from C $ 91.00 to C $ 95 in a report released Thursday, May 20. Cormark increased its target price for Toronto-Dominion Bank shares from C $ 93.00 to C $ 94.00 and assigned a “buy” rating to the stock in a report released on Monday, May 31. Finally, the Royal Bank of Canada increased its target price on Toronto-Dominion Bank shares from C $ 82.00 to C $ 91.00 and assigned the stock a âsector performanceâ rating in a report. published on Friday, May 28. Four research analysts rated the stock with a conservation rating, five gave a buy rating, and one gave the company’s stock a strong buy rating. The Toronto-Dominion Bank has a consensus rating of âBuyâ and a consensus target price of C $ 89.71.
Actions of TD traded down C $ 0.01 midday Monday, reaching C $ 87.95. The stock had a trading volume of 1,667,479 shares, compared to its average volume of 6,077,758. The company has a market capitalization of 159.93 billion Canadian dollars and a price / earnings ratio of 11.32. The Toronto-Dominion Bank has a 12-month low of C $ 57.44 and a 12-month high of C $ 89.12. The company’s fifty-day moving average price is C $ 85.08.
Separately, senior officer Riaz Ahmed sold 26,312 shares of the company in a trade on Monday, May 31. The shares were sold at an average price of C $ 87.61, for a total transaction of C $ 2,305,194.32. As a result of the sale, the insider now owns 351,232 shares of the company, valued at C $ 30,771,435.52. Additionally, senior officer Robert E. Dorrance sold 138,372 shares of the company in a trade on Wednesday, June 2. The shares were sold at an average price of C $ 87.48, for a total transaction of C $ 12,104,782.56. As a result of the sale, the insider now directly owns 569,584 shares of the company, valued at approximately C $ 49,827,208.32.
The Toronto-Dominion Bank Company Profile
The Toronto-Dominion Bank, together with its subsidiaries, offers a variety of personal and commercial banking products and services in Canada and the United States. The company operates in three segments: retail banking in Canada, retail services in the United States and wholesale banking. It offers personal deposits, such as checking, savings and investment products; financing, investment, treasury management, international trade and day-to-day business banking services; point-of-sale customer financing options for automobile and recreational vehicle purchases through an automobile dealer network; credit card; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to individual and institutional clients; and property and casualty insurance, as well as life and health insurance products.
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7 outdoor recreation stocks for growth and dividends
If Americans loved the outdoors before, they love them even more now. The COVID-19 pandemic has done a lot of things, and one of them is reinvigorating Americans’ love of the outdoors. Industry-wide data shows a steady increase in revenue that drives the entire complex up.
The RV Industry Association, for example, reports that RV shipments increased by more than 30% in 2020 and are expected to increase by 20% or more in 2021. If the data from the two of the largest manufacturers in the industry is a indication, this forecast is very conservative.
And the gains aren’t limited to recreational vehicles. Everything that has to do with outdoor recreation is booming. Sales of Dicks Sporting Goods, an iconic retail and outdoor brand, have seen a steady 20% increase in revenue since the Q2 closings. On the contrary, revenues in this sector are being held back by rapidly declining inventories and tight shipping conditions.
The actions we are going to show all have something in common; outside. Within the group, you’ll find everything from RVs to radios and anything an outdoor enthusiast might need or want. Some pay dividends and some don’t, but all will deliver strong returns to investors in 2021.
Check out the “7 Outdoor Recreation Stocks for Growth and Dividends.”