Scotiabank Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective upped by Scotiabank from C$86.00 to C$98.00 in a report published on Monday,BayStreet.CA reports.

A number of other brokerages have also issued reports on TD. BMO Capital Markets raised their price objective on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. National Bankshares raised shares of Toronto-Dominion Bank from an “underperform” rating to a “sector perform” rating and raised their price target for the company from C$74.00 to C$78.00 in a research note on Friday, August 23rd. Canaccord Genuity Group reduced their price objective on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a research note on Tuesday, November 19th. Cormark decreased their price objective on Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. Finally, Jefferies Financial Group lifted their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a report on Monday, August 12th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$87.67.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$77.81 on Monday. The business has a fifty day moving average price of C$81.21 and a two-hundred day moving average price of C$79.13. The stock has a market capitalization of C$136.17 billion, a PE ratio of 18.01, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a fifty-two week low of C$73.67 and a fifty-two week high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.24%. Toronto-Dominion Bank’s payout ratio 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.