Brokerages Set The Toronto-Dominion Bank (TSE:TD) Target Price at C$100.17

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$105.50.

TD has been the subject of several recent research reports. BMO Capital Markets boosted their price target on Toronto-Dominion Bank from C$102.00 to C$107.00 in a research note on Tuesday. Scotiabank upped their target price on Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a “sector perform” rating in a research report on Friday, August 29th. CIBC raised their price target on Toronto-Dominion Bank from C$109.00 to C$112.00 in a research report on Friday, September 5th. Canaccord Genuity Group boosted their price target on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays increased their price objective on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an “underweight” rating in a research note on Friday, August 29th.

Insider Activity at Toronto-Dominion Bank

In other news, insider Ajai Bambawale sold 39,376 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total value of C$4,412,868.32. Insiders have sold a total of 84,384 shares of company stock valued at $9,456,915 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

Toronto-Dominion Bank Stock Up 1.9%

TSE TD opened at C$113.26 on Friday. The firm has a 50-day moving average price of C$104.61 and a two-hundred day moving average price of C$96.35. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$114.24. The company has a market capitalization of C$198.41 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.22 and a beta of 0.87.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 3.7%. Toronto-Dominion Bank’s payout ratio is presently 35.70%.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.