Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$90.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price hoisted by UBS Group from C$83.00 to C$90.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Scotiabank upped their price target on Toronto-Dominion Bank from C$81.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Wednesday. Canaccord Genuity Group increased their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. CIBC dropped their price target on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Royal Bank of Canada upped their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. Finally, Barclays downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$87.67.

Toronto-Dominion Bank Stock Performance

Shares of TSE:TD opened at C$84.64 on Friday. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99. The firm has a market cap of C$148.49 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The firm’s fifty day moving average is C$79.28 and its 200-day moving average is C$80.22.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a dividend of $1.05 per share. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio 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.