Toronto-Dominion Bank (TSE:TD) Given New C$83.00 Price Target at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target increased by Scotiabank from C$81.00 to C$83.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada upped their target price on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. Cormark decreased their target price on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a report on Friday, December 6th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and upped their target price for the stock from C$82.00 to C$90.00 in a report on Thursday, December 12th. Canaccord Genuity Group increased their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Finally, Desjardins lowered shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and an average price target of C$87.00.

Toronto-Dominion Bank Trading Down 1.3 %

Toronto-Dominion Bank stock opened at C$85.57 on Wednesday. The firm’s 50 day simple moving average is C$79.03 and its 200 day simple moving average is C$80.14. The firm has a market capitalization of C$149.75 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 1-year low of C$73.22 and a 1-year high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a $1.05 dividend. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.91%. Toronto-Dominion Bank’s dividend payout ratio is 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.