The Toronto-Dominion Bank (TSE:TD) Receives Average Rating of “Hold” from Analysts

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

TD has been the topic of a number of recent research reports. Scotiabank cut their price objective 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. CIBC cut their price objective on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Barclays downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Cormark lowered their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Finally, Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th.

Insider Buying and Selling at Toronto-Dominion Bank

In other news, Director Theresa Lynn Currie sold 45,172 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the completion of the sale, the director now directly owns 163 shares of the company’s stock, valued at approximately C$14,099.50. This represents a 99.64 % decrease in their ownership of the stock. 0.08% of the stock is currently owned by insiders.

Toronto-Dominion Bank Trading Up 0.8 %

Toronto-Dominion Bank stock opened at C$85.33 on Tuesday. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The stock’s fifty day simple moving average is C$83.26 and its 200-day simple moving average is C$81.05. The firm has a market capitalization of C$149.70 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.92%. Toronto-Dominion Bank’s dividend payout ratio is presently 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.