Toronto-Dominion Bank (TSE:TD) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$79.34 and traded as high as C$79.60. Toronto-Dominion Bank shares last traded at C$79.31, with a volume of 13,619,651 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. Cormark reduced their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Scotiabank lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$98.00 to C$81.00 in a research report on Friday, December 6th. CIBC reduced their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Finally, Barclays cut shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$86.83.

Toronto-Dominion Bank Trading Up 4.4 %

The business’s fifty day simple moving average is C$77.51 and its 200-day simple moving average is C$79.40. The firm has a market cap of C$145.48 billion, a P/E ratio of 19.24, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be issued a dividend of $1.05 per share. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date is Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a yield of 5.05%. Toronto-Dominion Bank’s dividend payout ratio 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.