Brokerages Set The Toronto-Dominion Bank (TSE:TD) Price Target at C$88.75

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$88.75.

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. Cormark lowered their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Scotiabank lowered their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Thursday, February 20th. CIBC lowered their price objective on Toronto-Dominion Bank from C$96.00 to C$95.00 in a report on Thursday, March 6th. Finally, Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th.

Toronto-Dominion Bank Stock Up 0.8 %

TSE:TD opened at C$85.33 on Tuesday. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99. The stock has a market capitalization of C$149.70 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock’s 50-day moving average price is C$83.26 and its 200-day moving average price is C$81.05.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.92%. Toronto-Dominion Bank’s payout ratio is presently 80.84%.

Insider Activity

In other Toronto-Dominion Bank news, Director Theresa Lynn Currie sold 45,172 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the sale, the director now owns 163 shares of the company’s stock, valued at C$14,099.50. The trade was a 99.64 % decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

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.