The Toronto-Dominion Bank (TSE:TD) Receives C$89.31 Average Target Price from Analysts

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have earned a consensus recommendation of "Hold" from the twelve analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$89.31.

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

Insiders Place Their Bets

In related news, Senior Officer Melanie Burns sold 6,272 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$97.46, for a total value of C$611,269.12. Also, Director Ana Arsov acquired 3,483 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average cost of C$80.24 per share, with a total value of C$279,475.92. Over the last three months, insiders acquired 31,154 shares of company stock worth $2,567,191 and sold 81,612 shares worth $7,748,610. Corporate insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Price Performance

TD traded down C$0.04 during trading on Thursday, hitting C$97.39. The stock had a trading volume of 11,901,530 shares, compared to its average volume of 7,600,004. The company has a 50 day moving average price of C$90.88 and a 200-day moving average price of C$84.88. The firm has a market cap of C$170.86 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$98.20.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.31%. Toronto-Dominion Bank's dividend payout ratio (DPR) is presently 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.