Canaccord Genuity Group Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$87.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price decreased by Canaccord Genuity Group from C$89.00 to C$87.00 in a report issued on Friday morning,BayStreet.CA reports.

TD has been the subject of several other research reports. Cormark lowered their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday. Scotiabank cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$98.00 to C$81.00 in a research note on Friday. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Desjardins decreased their price target on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Finally, Bank of America lifted their target price on Toronto-Dominion Bank from C$85.00 to C$90.00 in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price of C$86.00.

Toronto-Dominion Bank Trading Down 0.7 %

TD opened at C$73.51 on Friday. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The firm has a 50-day moving average price of C$80.01 and a two-hundred day moving average price of C$79.19. The stock has a market capitalization of C$128.64 billion, a PE ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.55%. Toronto-Dominion Bank’s dividend payout ratio is presently 94.44%.

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.