Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$81.00 at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD had its price objective upped by Canaccord Genuity Group from C$80.00 to C$81.00 in a report issued on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group cut shares of Toronto-Dominion Bank from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$90.00 to C$99.00 in a research report on Tuesday, February 18th. National Bankshares set a C$80.00 price objective 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 target on shares of 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. Barclays boosted their price target on shares of Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday. Finally, Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$89.31.

Toronto-Dominion Bank Price Performance

Toronto-Dominion Bank stock traded up C$0.84 during mid-day trading on Monday, hitting C$96.76. The company's stock had a trading volume of 3,699,542 shares, compared to its average volume of 7,806,053. The stock has a market cap of C$169.75 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business has a 50 day moving average price of C$88.24 and a 200-day moving average price of C$83.88. Toronto-Dominion Bank has a 12 month low of C$73.22 and a 12 month high of C$96.86.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.34%. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

Insider Transactions at Toronto-Dominion Bank

In related news, Director Ana Arsov acquired 3,483 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average price of C$80.24 per share, for a total transaction of C$279,475.92. Also, Director Ajay Kumar Virmani acquired 24,636 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of C$81.22 per share, for a total transaction of C$2,000,935.92. Over the last 90 days, insiders have bought 31,154 shares of company stock worth $2,567,191 and have sold 84,628 shares worth $7,929,143. Insiders own 0.08% of the company's stock.

Toronto-Dominion Bank Company Profile

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.