The Toronto-Dominion Bank (TSE:TD) Given Average Rating of “Hold” by Analysts

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus rating of “Hold” by the thirteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$88.75.

Several analysts have recently weighed in on TD shares. UBS Group boosted their price target on Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Scotiabank cut their price target on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Thursday, February 20th. National Bankshares cut their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Royal Bank of Canada increased their target price on 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. Finally, Canaccord Genuity Group increased their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th.

Toronto-Dominion Bank Stock Up 1.6 %

Toronto-Dominion Bank stock opened at C$84.63 on Tuesday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The business’s 50-day moving average price is C$83.11 and its two-hundred day moving average price is C$81.02. The stock has a market cap of C$148.47 billion, a PE ratio of 16.77, a P/E/G ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 4.96%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 80.84%.

Insider Buying and Selling

In other Toronto-Dominion Bank news, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the transaction, the director now owns 163 shares of the company’s stock, valued at C$14,099.50. The trade was a 99.64 % decrease in their position. 0.08% of the stock is currently owned by insiders.

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.