The Toronto-Dominion Bank (TSE:TD) Receives C$86.83 Average Price Target from Analysts

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$86.83.

A number of analysts have issued reports on TD shares. Scotiabank lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$98.00 to C$81.00 in a research note on Friday, December 6th. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and increased their target price for the stock from C$82.00 to C$90.00 in a report on Thursday, December 12th. National Bankshares dropped their price target on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. Canaccord Genuity Group increased their price objective on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada boosted their target price on 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.

Toronto-Dominion Bank Trading Down 0.3 %

TD stock opened at C$81.86 on Monday. The business’s fifty day moving average price is C$77.73 and its 200 day moving average price is C$79.56. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The company has a market capitalization of C$143.26 billion, a PE ratio of 18.95, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 31st will be issued a $1.05 dividend. The ex-dividend date is Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.13%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio is presently 94.44%.

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.