Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$114.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price lifted by Barclays from C$100.00 to C$114.00 in a research note published on Monday morning,BayStreet.CA reports. Barclays currently has an underweight rating on the stock.

Other analysts have also recently issued research reports about the stock. National Bankshares set a C$100.00 price objective on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Monday, September 22nd. BMO Capital Markets boosted their target price on Toronto-Dominion Bank from C$102.00 to C$107.00 in a research note on Tuesday, September 30th. Desjardins raised their price target on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Scotiabank boosted their price objective on Toronto-Dominion Bank from C$104.00 to C$114.00 in a research report on Friday, October 10th. Finally, CIBC increased their target price on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$109.46.

Toronto-Dominion Bank Price Performance

TD opened at C$117.15 on Monday. The firm has a 50 day simple moving average of C$112.86 and a 200 day simple moving average of C$104.15. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$117.33. The company has a market cap of C$200.00 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96.

Toronto-Dominion Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 31st were paid a $1.05 dividend. The ex-dividend date was Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 3.6%. Toronto-Dominion Bank’s payout ratio is 35.70%.

Insiders Place Their Bets

In related news, Director Nathalie Palladitcheff purchased 1,000 shares of Toronto-Dominion Bank stock in a transaction dated Monday, October 6th. The shares were bought at an average cost of C$112.64 per share, for a total transaction of C$112,640.00. Following the purchase, the director owned 3,292 shares in the company, valued at approximately C$370,810.88. This trade represents a 43.63% increase in their position. Also, insider Ajai Bambawale sold 39,376 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$112.07, for a total value of C$4,412,868.32. In the last 90 days, insiders have sold 84,384 shares of company stock worth $9,456,915. Corporate insiders own 0.08% of the company’s stock.

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.