Analysts Set The Toronto-Dominion Bank (TSE:TD) Target Price at C$99.92

Key Points

• The Toronto-Dominion Bank has received a consensus rating of "Hold" from nine brokerages, with one sell, four hold, and four buy ratings.
• Jefferies Financial Group recently increased its price target for TD Bank from C$103.00 to C$117.00, while other analysts have also raised their price objectives.
• The bank announced a quarterly dividend of $1.05, representing an annualized amount of $4.20 and a dividend yield of 4.1%.

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have been given an average rating of "Hold" by the nine ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$99.92.

TD has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their target price on Toronto-Dominion Bank from C$109.00 to C$113.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Jefferies Financial Group raised their target price on shares of Toronto-Dominion Bank from C$103.00 to C$117.00 in a research report on Wednesday, August 13th. Barclays lifted their target price on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an "underweight" rating in a report on Friday, August 29th. Scotiabank boosted their target price on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the stock a "sector perform" rating in a research report on Friday, August 29th. Finally, Desjardins boosted their target price on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a "buy" rating in a research note on Friday, August 29th.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$0.58 during trading on Tuesday, hitting C$103.33. The company had a trading volume of 2,927,817 shares, compared to its average volume of 7,512,702. The company has a fifty day simple moving average of C$101.52 and a two-hundred day simple moving average of C$92.79. The stock has a market cap of C$181.01 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$108.68.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 10th. Toronto-Dominion Bank's payout ratio is 35.70%.

Insider Transactions at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Senior Officer Melanie Burns sold 6,272 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$97.46, for a total value of C$611,269.12. Company insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.