Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$87.00

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$88.67.

A number of analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th. Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research note on Thursday, December 5th. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$90.00 to C$99.00 in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th.

Toronto-Dominion Bank Trading Up 0.0 %

TD opened at C$85.59 on Friday. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$87.99. The stock has a fifty day moving average price of C$80.21 and a 200-day moving average price of C$80.38. The firm has a market cap of C$150.16 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a dividend of $1.05 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a yield of 4.91%. The ex-dividend date was Friday, January 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 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.