Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$87.42

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$87.42.

A number of research analysts recently commented on TD shares. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. Jefferies Financial Group raised their target price on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research note on Monday, August 12th. Scotiabank boosted their price target on shares of Toronto-Dominion Bank from C$86.00 to C$98.00 in a research note on Monday, November 25th. CIBC cut their price objective on Toronto-Dominion Bank from C$96.00 to C$93.00 in a research report on Tuesday, November 26th. Finally, Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st.

Toronto-Dominion Bank Stock Up 0.3 %

Shares of Toronto-Dominion Bank stock opened at C$79.19 on Friday. The company has a market capitalization of C$138.58 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.22 and a beta of 0.82. The stock’s 50-day simple moving average is C$80.38 and its 200-day simple moving average is C$79.21. Toronto-Dominion Bank has a 52 week low of C$73.67 and a 52 week high of C$87.99.

Toronto-Dominion Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st were issued a $1.02 dividend. The ex-dividend date was Thursday, October 10th. This represents a $4.08 annualized dividend and a dividend yield of 5.15%. Toronto-Dominion Bank’s dividend payout ratio (DPR) 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.