UBS Group Issues Positive Forecast for Toronto-Dominion Bank (TSE:TD) Stock Price

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target boosted by UBS Group from C$83.00 to C$90.00 in a research note published on Friday,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on TD. Cormark lowered their price target on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Canaccord Genuity Group raised their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Barclays downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. CIBC cut their target price on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research note on Friday, December 6th. Finally, Scotiabank upped their price target on shares of Toronto-Dominion Bank from C$81.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of C$87.67.

Toronto-Dominion Bank Stock Performance

TSE:TD opened at C$84.64 on Friday. The stock’s 50-day simple moving average is C$79.28 and its 200 day simple moving average is C$80.22. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99. The company has a market cap of C$148.49 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were paid a $1.05 dividend. The ex-dividend date of this dividend was Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a yield of 4.96%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 80.84%.

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.