Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$98.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target lifted by Scotiabank from C$86.00 to C$98.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Canaccord Genuity Group decreased their price target on Toronto-Dominion Bank from C$91.50 to C$89.00 in a research note on Tuesday, November 19th. Cormark decreased their target price on Toronto-Dominion Bank from C$93.00 to C$91.00 in a research report on Friday, October 11th. Bank of America increased their target price on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. BMO Capital Markets lifted their price target on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. Finally, CIBC dropped their price objective on shares of Toronto-Dominion Bank from C$100.00 to C$96.00 in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$87.42.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD opened at C$79.08 on Monday. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$87.99. The stock has a market capitalization of C$138.39 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The company’s 50 day simple moving average is C$80.96 and its 200 day simple moving average is C$79.16.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.16%. Toronto-Dominion Bank’s dividend payout ratio is 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.