CIBC Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$90.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective decreased by CIBC from C$93.00 to C$90.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other research firms have also recently commented on TD. Cormark cut their price target on Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday. National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. BMO Capital Markets increased their price target on Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. Canaccord Genuity Group reduced their price objective on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a report on Tuesday, November 19th. Finally, Bank of America upped their target price on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$86.00.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$73.51 on Friday. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The company has a market cap of C$128.64 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.22 and a beta of 0.82. The business has a fifty day moving average price of C$80.01 and a 200 day moving average price of C$79.19.

Toronto-Dominion Bank Dividend Announcement

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