The Toronto-Dominion Bank (TSE:TD) Receives Average Rating of "Hold" from Brokerages

The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD has received an average recommendation of "Hold" from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$89.31.

A number of brokerages have issued reports on TD. Barclays upped their price objective on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. Canaccord Genuity Group upped their target price on Toronto-Dominion Bank from C$80.00 to C$81.00 and gave the company a "buy" rating in a report on Monday, June 9th. CIBC increased their price target on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. Finally, Scotiabank upgraded Toronto-Dominion Bank to a "hold" rating in a research note on Wednesday, May 14th.

Insider Activity at Toronto-Dominion Bank

In related news, Senior Officer Paul Martyn Clark sold 16,936 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$94.87, for a total transaction of C$1,606,718.32. Following the sale, the insider now directly owns 260 shares in the company, valued at approximately C$24,666.20. The trade was a 98.49% decrease in their position. Also, Director Ana Arsov acquired 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average cost of C$94.49 per share, for a total transaction of C$283,470.00. In the last three months, insiders have bought 31,154 shares of company stock worth $2,567,191 and have sold 75,340 shares worth $7,137,341. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Price Performance

Shares of TD stock opened at C$97.69 on Thursday. The firm has a 50-day moving average of C$90.19 and a 200-day moving average of C$84.62. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$97.95. The company has a market cap of C$171.39 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.30%. 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.

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