Toronto-Dominion Bank (TSE:TD) Given New C$87.00 Price Target at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective lowered by Canaccord Genuity Group from C$89.00 to C$87.00 in a research note published on Friday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Cormark reduced their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday. Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 22nd. Scotiabank cut shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$98.00 to C$81.00 in a research note on Friday. Finally, Bank of America upped their target price on shares of Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$86.00.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock opened at C$73.51 on Friday. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The business has a fifty day moving average price of C$80.25 and a 200-day moving average price of C$79.22. The firm has a market capitalization of C$128.64 billion, a P/E ratio of 17.02, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 94.44%.

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.