Analysts Set The Toronto-Dominion Bank (TSE:TD) Price Target at C$88.67

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have earned a consensus rating of "Hold" from the ten research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$88.67.

A number of brokerages recently weighed in on TD. CIBC decreased their price objective on Toronto-Dominion Bank from C$95.00 to C$94.00 in a report on Thursday, May 22nd. Scotiabank raised Toronto-Dominion Bank to a "hold" rating in a report on Wednesday, May 14th. Jefferies Financial Group cut Toronto-Dominion Bank from a "buy" rating to a "hold" rating and raised their price objective for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. National Bankshares set a C$80.00 price objective on Toronto-Dominion Bank and gave the company a "sector perform" rating in a report on Thursday, May 22nd. Finally, UBS Group raised their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$0.03 on Friday, hitting C$94.27. The company's stock had a trading volume of 156,438 shares, compared to its average volume of 8,112,258. The company has a 50-day simple moving average of C$86.51 and a 200 day simple moving average of C$82.81. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$94.83. The company has a market capitalization of C$165.39 billion, a PE ratio of 18.68, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.46%. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

Insider Activity at Toronto-Dominion Bank

In other news, Director Theresa Lynn Currie sold 45,172 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the completion of the transaction, the director now owns 163 shares in the company, valued at C$14,099.50. The trade was a 99.64% decrease in their ownership of the stock. Also, Director Ana Arsov acquired 3,483 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average cost of C$80.24 per share, with a total value of C$279,475.92. 0.08% of the stock is currently owned by corporate insiders.

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.