The Toronto-Dominion Bank (TSE:TD) Receives C$88.67 Average Target Price from Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$88.67.

A number of brokerages have commented on TD. UBS Group increased their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. CIBC reduced their target price on shares of Toronto-Dominion Bank from C$95.00 to C$94.00 in a report on Thursday, May 22nd. National Bankshares set a C$80.00 target price on shares of Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research report on Thursday, May 22nd. Scotiabank upgraded shares of Toronto-Dominion Bank to a “hold” rating in a research report on Wednesday, May 14th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and raised their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Theresa Lynn Currie sold 45,172 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the transaction, the director now directly owns 163 shares of the company’s stock, valued at approximately C$14,099.50. The trade was a 99.64% decrease in their position. Also, Director Ana Arsov acquired 3,483 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was bought at an average price of C$80.24 per share, with a total value of C$279,475.92. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Trading Up 1.0%

Shares of Toronto-Dominion Bank stock opened at C$94.32 on Friday. The firm has a market capitalization of C$165.47 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$94.70. The business’s 50-day moving average price is C$86.33 and its 200-day moving average price is C$82.70.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.45%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 80.84%.

Toronto-Dominion Bank Company Profile

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.