The Toronto-Dominion Bank (TSE:TD) Receives C$87.42 Average Price Target from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$87.42.

A number of analysts have recently commented on the stock. Cormark dropped their target price on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. Scotiabank upped their price objective on shares of Toronto-Dominion Bank from C$86.00 to C$98.00 in a report on Monday, November 25th. National Bankshares upgraded shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from C$74.00 to C$78.00 in a report on Friday, August 23rd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$88.00 to C$82.00 in a research note on Friday, October 11th. Finally, Bank of America increased their target price on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd.

Toronto-Dominion Bank Stock Up 0.3 %

TSE TD opened at C$79.19 on Friday. The firm has a market capitalization of C$138.58 billion, a PE ratio of 18.33, a P/E/G ratio of 1.22 and a beta of 0.82. The stock’s 50 day moving average is C$80.38 and its 200 day moving average is C$79.21. Toronto-Dominion Bank has a twelve month low of C$73.67 and a twelve month high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 94.44%.

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.