Toronto-Dominion Bank (TSE:TD) PT Set at C$100.00 by National Bankshares

Key Points

• National Bankshares has given Toronto-Dominion Bank a price target of C$100.00, indicating an 8.5% downside from its current price.
• Other analysts have raised their price targets for the bank, with Scotiabank setting it at C$104.00 and CIBC at C$112.00.
• The stock currently has an average rating of "Hold" with a consensus target price of C$100.17, and Toronto-Dominion Bank's shares traded at C$109.29.

National Bankshares set a C$100.00 price objective on Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD in a report issued on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also recently commented on TD. CIBC upped their price target on Toronto-Dominion Bank from C$109.00 to C$112.00 in a research report on Friday, September 5th. Desjardins upped their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Canaccord Genuity Group upped their price target on Toronto-Dominion Bank from C$109.00 to C$113.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$103.00 to C$117.00 in a research report on Wednesday, August 13th. Finally, Scotiabank increased their target price on 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. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Toronto-Dominion Bank presently has an average rating of "Hold" and an average target price of C$100.17.

Toronto-Dominion Bank Stock Down 0.2%

TD traded down C$0.27 during midday trading on Monday, reaching C$109.29. The company had a trading volume of 408,280 shares, compared to its average volume of 7,255,090. The business has a 50-day moving average of C$102.99 and a two-hundred day moving average of C$94.85. The company has a market cap of C$191.46 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.22 and a beta of 0.87. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$111.11.

Toronto-Dominion Bank Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $4.20 dividend on an annualized basis and a yield of 3.8%. Toronto-Dominion Bank's dividend payout ratio is presently 35.70%.

About Toronto-Dominion Bank

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.