Brokerages Set The Toronto-Dominion Bank (TSE:TD) Target Price at C$86.50

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$86.50.

A number of equities research analysts recently weighed in on TD shares. BMO Capital Markets upgraded Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target on the stock in a research note on Thursday, December 19th. Desjardins lowered shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. Scotiabank downgraded shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$98.00 to C$81.00 in a report on Friday, December 6th. Cormark lowered their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada cut Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th.

Toronto-Dominion Bank Stock Down 0.2 %

Shares of TSE TD opened at C$76.23 on Thursday. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The company has a market cap of C$133.40 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business’s 50 day moving average price is C$77.48 and its two-hundred day moving average price is C$79.13.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were paid a dividend of $1.02 per share. The ex-dividend date was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a yield of 5.35%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 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.