Toronto-Dominion Bank (TSE:TD) Given a C$101.00 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$101.00 price objective on Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD in a research report report published on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on TD. Scotiabank upgraded shares of Toronto-Dominion Bank to a "hold" rating in a research report on Wednesday, May 14th. CIBC lifted their price objective on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. National Bankshares set a C$80.00 price target on Toronto-Dominion Bank and gave the stock a "sector perform" rating in a research report on Thursday, May 22nd. Finally, Barclays boosted their price objective on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$90.85.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock traded up C$0.81 during mid-day trading on Tuesday, hitting C$98.58. 7,197,694 shares of the company traded hands, compared to its average volume of 7,600,746. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$98.85. The stock has a market cap of C$172.95 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The stock has a fifty day moving average price of C$91.17 and a 200-day moving average price of C$85.01.

Toronto-Dominion Bank Announces Dividend

The business 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 4.26%. Toronto-Dominion Bank's payout ratio is presently 80.84%.

Insider Buying and Selling

In other Toronto-Dominion Bank news, Director Ajay Kumar Virmani acquired 24,636 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were bought at an average price of C$81.22 per share, with a total value of C$2,000,935.92. Also, Director Ana Arsov purchased 3,483 shares of the firm's stock in a transaction on Friday, April 11th. The stock was acquired at an average price of C$80.24 per share, for a total transaction of C$279,475.92. Over the last quarter, insiders have purchased 31,154 shares of company stock worth $2,567,191 and have sold 81,612 shares worth $7,748,610. 0.08% of the stock is currently owned by corporate insiders.

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.