Brokerages Set The Toronto-Dominion Bank (TSE:TD) Target Price at C$88.75

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$88.75.

TD has been the topic of several research reports. Scotiabank decreased their target price on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. UBS Group lifted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Royal Bank of Canada increased their target price on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. National Bankshares decreased their price target on shares of Toronto-Dominion Bank from C$84.00 to C$80.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. Finally, Jefferies Financial Group cut shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and upped their price objective for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th.

Insider Buying and Selling

In other Toronto-Dominion Bank news, Director Ana Arsov purchased 3,483 shares of Toronto-Dominion Bank stock in a transaction dated Friday, April 11th. The shares were acquired at an average price of C$80.24 per share, with a total value of C$279,475.92. Also, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the transaction, the director now owns 163 shares of the company’s stock, valued at C$14,099.50. This trade represents a 99.64 % decrease in their position. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Stock Up 1.1 %

Shares of TSE TD opened at C$88.34 on Wednesday. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$88.55. The company’s 50-day simple moving average is C$84.68 and its 200-day simple moving average is C$81.26. The firm has a market cap of C$154.98 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 80.84%.

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.