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

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received a consensus rating of “Hold” from the thirteen research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$88.75.

TD has been the subject of several research reports. CIBC reduced their price target on Toronto-Dominion Bank from C$96.00 to C$95.00 in a report on Thursday, March 6th. 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 report on Thursday, December 19th. UBS Group lifted their price target on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating and lifted their price target for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th.

Insider Transactions at Toronto-Dominion Bank

In related news, Director Theresa Lynn Currie sold 45,172 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 163 shares in the company, valued at approximately C$14,099.50. This represents a 99.64 % decrease in their ownership of the stock. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Trading Down 0.8 %

Shares of TSE TD opened at C$83.27 on Tuesday. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The firm has a market capitalization of C$146.09 billion, a PE ratio of 16.50, a PEG ratio of 1.22 and a beta of 0.82. The business has a 50-day moving average price of C$82.97 and a two-hundred day moving average price of C$80.98.

Toronto-Dominion Bank Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.04%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 80.84%.

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.