Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Scotiabank Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lifted by Scotiabank from C$81.00 to C$83.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group increased their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. National Bankshares dropped their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Cormark dropped their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Barclays cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average price target of C$87.00.

Toronto-Dominion Bank Stock Down 1.3 %

Shares of TD opened at C$85.57 on Wednesday. The stock has a market capitalization of C$149.75 billion, a P/E ratio of 19.81, a PEG ratio of 1.22 and a beta of 0.82. The firm has a fifty day simple moving average of C$79.03 and a two-hundred day simple moving average of C$80.14. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.91%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) 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.