Toronto-Dominion Bank (TSE:TD) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$79.34 and traded as high as C$79.60. Toronto-Dominion Bank shares last traded at C$79.31, with a volume of 13,619,651 shares.

Analysts Set New Price Targets

Several equities analysts have commented on TD shares. Scotiabank cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Canaccord Genuity Group boosted their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Cormark dropped their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Finally, BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price on the stock in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$86.83.

Toronto-Dominion Bank Stock Up 0.9 %

The company’s fifty day moving average price is C$77.40 and its two-hundred day moving average price is C$79.34. The company has a market cap of C$138.79 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.30%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date is Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 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.