Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$86.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price hoisted by Royal Bank of Canada from C$77.00 to C$86.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the company. Jefferies Financial Group upgraded Toronto-Dominion Bank from a “hold” rating to a “buy” rating and increased their price target for the stock from C$82.00 to C$90.00 in a report on Thursday, December 12th. Scotiabank downgraded shares of 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 research report on Friday, December 6th. Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$86.83.

Toronto-Dominion Bank Stock Up 0.3 %

Toronto-Dominion Bank stock opened at C$78.20 on Wednesday. The company has a market capitalization of C$136.85 billion, a PE ratio of 18.10, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The firm’s fifty day moving average is C$77.34 and its 200 day moving average is C$79.29.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be given a dividend of $1.05 per share. The ex-dividend date is Friday, January 10th. This represents a $4.20 annualized dividend and a yield of 5.37%. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio 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.