The Toronto-Dominion Bank (TSE:TD) Receives C$106.33 Consensus Target Price from Analysts

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$107.17.

Several research firms have recently commented on TD. Desjardins increased their price target on shares of Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 29th. BMO Capital Markets increased their target price on Toronto-Dominion Bank from C$102.00 to C$107.00 in a report on Tuesday, September 30th. Scotiabank raised their price target on Toronto-Dominion Bank from C$104.00 to C$114.00 in a research report on Friday, October 10th. Barclays boosted their price target on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an “underweight” rating in a report on Friday, August 29th. Finally, Jefferies Financial Group increased their price objective on Toronto-Dominion Bank from C$120.00 to C$124.00 in a research note on Tuesday, September 30th.

Insider Transactions at Toronto-Dominion Bank

In related news, insider Ajai Bambawale sold 7,328 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 transaction of C$821,248.96. Following the sale, the insider owned 800 shares in the company, valued at approximately C$89,656. This trade represents a 90.16% decrease in their ownership of the stock. Also, Director Nathalie Palladitcheff purchased 1,000 shares of the business’s stock in a transaction on Monday, October 6th. The stock was acquired at an average price of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the acquisition, the director directly owned 3,292 shares in the company, valued at C$370,810.88. The trade was a 43.63% increase in their position. Over the last quarter, insiders have sold 84,384 shares of company stock valued at $9,456,915. Insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Trading Down 0.0%

Shares of TSE TD opened at C$114.66 on Friday. The company’s 50-day moving average price is C$112.12 and its 200 day moving average price is C$103.24. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$116.49. The stock has a market cap of C$195.75 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.22 and a beta of 0.96.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 35.70%.

About Toronto-Dominion Bank

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.