Toronto-Dominion Bank (TSE:TD) Price Target Lowered to C$80.00 at National Bankshares

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price trimmed by National Bankshares from C$84.00 to C$80.00 in a research note published on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other equities analysts have also weighed in on TD. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price objective on the stock in a research report on Thursday, December 19th. Canaccord Genuity Group increased their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Royal Bank of Canada increased their target price on 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. Finally, UBS Group upped their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average price target of C$88.75.

Toronto-Dominion Bank Trading Down 2.3 %

TD stock opened at C$79.35 on Monday. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The business’s 50 day simple moving average is C$84.70 and its 200 day simple moving average is C$81.42. The firm has a market capitalization of C$139.21 billion, a PE ratio of 15.72, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $4.20 annualized dividend and a yield of 5.29%. Toronto-Dominion Bank’s dividend payout ratio is 80.84%.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the transaction, the director now owns 163 shares in the company, valued at C$14,099.50. The trade was a 99.64 % decrease in their ownership of the stock. Also, Director Michael A. French sold 9,288 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$85.25, for a total value of C$791,802.00. Corporate insiders own 0.08% of the company’s stock.

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.