Analysts Set The Toronto-Dominion Bank (TSE:TD) Price Target at C$86.50

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities 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 assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$86.50.

Several equities analysts have recently weighed in on TD shares. Scotiabank downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. BMO Capital Markets raised shares of 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 research report on Thursday, December 19th. Cormark reduced their target price on Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Barclays lowered Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and raised their price target for the company from C$82.00 to C$90.00 in a report on Thursday, December 12th.

Toronto-Dominion Bank Stock Up 0.3 %

Toronto-Dominion Bank stock opened at C$76.42 on Thursday. The stock’s 50 day moving average is C$77.48 and its 200 day moving average is C$79.13. The company has a market capitalization of C$133.74 billion, a P/E ratio of 17.69, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date 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.