The Toronto-Dominion Bank (TSE:TD) Receives C$88.75 Average PT from Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$88.75.

A number of analysts have recently commented on TD shares. Jefferies Financial Group lowered Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their price target for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. National Bankshares cut their target price on 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. Scotiabank decreased their price target on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Thursday, February 20th. CIBC cut their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Finally, Royal Bank of Canada raised 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.

Insider Activity at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Theresa Lynn Currie sold 45,172 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the sale, 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. Also, Director Michael A. French sold 9,288 shares of Toronto-Dominion Bank stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Trading Down 2.3 %

TD opened at C$79.35 on Friday. The stock has a market capitalization of C$139.21 billion, a P/E ratio of 15.72, a P/E/G 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 simple moving average is C$84.70 and its 200 day simple moving average is C$81.42.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be issued a $1.05 dividend. The ex-dividend date is Thursday, April 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 5.29%. Toronto-Dominion Bank’s payout ratio is 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.