Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$98.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by Scotiabank from C$86.00 to C$98.00 in a research report sent to investors on Monday,BayStreet.CA reports.

TD has been the subject of several other research reports. Cormark cut their price target on Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. CIBC cut their target price on shares of Toronto-Dominion Bank from C$100.00 to C$96.00 in a research note on Friday, October 11th. Royal Bank of Canada lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$88.00 to C$82.00 in a research note on Friday, October 11th. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets upped their target price on Toronto-Dominion Bank from C$84.00 to C$94.00 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$87.42.

Toronto-Dominion Bank Stock Up 0.6 %

TSE:TD opened at C$79.08 on Monday. Toronto-Dominion Bank has a 12-month low of C$73.67 and a 12-month high of C$87.99. The firm has a market capitalization of C$138.39 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 1.22 and a beta of 0.82. The stock’s 50 day moving average price is C$80.96 and its two-hundred day moving average price is C$79.16.

Toronto-Dominion Bank Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio is currently 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.