Toronto-Dominion Bank (TSE:TD) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by Canaccord Genuity Group from C$87.00 to C$89.00 in a report issued on Monday,BayStreet.CA reports.

TD has been the topic of several other reports. Scotiabank lowered shares of Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$98.00 to C$81.00 in a report on Friday, December 6th. Bank of America increased their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. BMO Capital Markets upped their price objective on Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. Finally, National Bank Financial upgraded Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toronto-Dominion Bank currently has an average rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Trading Down 0.5 %

Shares of TSE:TD opened at C$74.80 on Monday. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99. The stock has a market capitalization of C$130.90 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.22 and a beta of 0.82. The business has a 50-day moving average price of C$78.59 and a two-hundred day moving average price of C$79.12.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 5.45%. Toronto-Dominion Bank’s payout ratio is presently 94.44%.

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.