The Toronto-Dominion Bank (TSE:TD) Receives C$86.50 Consensus Target Price from Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given an average rating of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$86.50.

Several research analysts have commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. Desjardins downgraded Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 target price on the stock in a research report on Thursday, December 19th. Finally, Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th.

Toronto-Dominion Bank Trading Down 0.2 %

Shares of TSE:TD opened at C$76.23 on Thursday. The firm has a 50 day moving average of C$77.48 and a 200-day moving average of C$79.13. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The stock has a market capitalization of C$133.40 billion, a PE ratio of 17.65, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The firm 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 annualized dividend and a yield of 5.35%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) 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.