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

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$100.17.

Several research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of Toronto-Dominion Bank from C$103.00 to C$117.00 in a report on Wednesday, August 13th. Desjardins raised 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 report on Friday, August 29th. Scotiabank raised their price target on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the company a “sector perform” rating in a report on Friday, August 29th. Barclays raised their price target on shares of Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the company an “underweight” rating in a report on Friday, August 29th. Finally, CIBC lifted their price objective on shares of Toronto-Dominion Bank from C$109.00 to C$112.00 in a report on Friday.

Insider Activity

In other news, Senior Officer Melanie Burns sold 6,272 shares of Toronto-Dominion Bank stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$97.46, for a total transaction of C$611,269.12. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD opened at C$103.23 on Tuesday. The firm has a fifty day moving average price of C$101.82 and a two-hundred day moving average price of C$93.35. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$108.68. The company has a market cap of C$180.84 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 1.22 and a beta of 0.87.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, July 10th. Toronto-Dominion Bank’s payout ratio 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.