The Toronto-Dominion Bank (TSE:TD) Receives C$88.75 Consensus Price Target from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$88.75.

Several equities research analysts recently issued reports on the company. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target for the company in a research note on Thursday, December 19th. Royal Bank of Canada upped their target price on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. Scotiabank reduced their target price 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 dropped their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. Finally, UBS Group increased their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th.

Toronto-Dominion Bank Stock Down 2.3 %

TSE TD opened at C$79.35 on Friday. The firm has a 50-day moving average price of C$84.70 and a two-hundred day moving average price of C$81.42. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The company has a market capitalization of C$139.21 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.29%. Toronto-Dominion Bank’s payout ratio is currently 80.84%.

Insider Buying and Selling

In other news, Director Michael A. French sold 9,288 shares of Toronto-Dominion Bank stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. Also, Director Theresa Lynn Currie sold 45,172 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately C$14,099.50. This trade represents a 99.64 % decrease in their ownership of the stock. 0.08% of the stock is owned by corporate insiders.

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.