The Toronto-Dominion Bank (TSE:TD) Receives C$87.00 Consensus PT from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One 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 target price among brokerages that have updated their coverage on the stock in the last year is C$87.67.

A number of research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and boosted their target price for the company from C$82.00 to C$90.00 in a research report on Thursday, December 12th. Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. Desjardins cut Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. CIBC lowered their price objective on Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Finally, Royal Bank of Canada raised their price objective on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 8th.

Toronto-Dominion Bank Stock Performance

Shares of TSE TD opened at C$84.64 on Friday. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$87.99. The company has a market cap of C$148.49 billion, a PE ratio of 16.77, a P/E/G ratio of 1.22 and a beta of 0.82. The business has a 50-day simple moving average of C$79.38 and a two-hundred day simple moving average of C$80.26.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a dividend of $1.05 per share. The ex-dividend date was Friday, January 10th. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.96%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 80.84%.

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.