Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$86.00 at Royal Bank of Canada

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target raised by Royal Bank of Canada from C$77.00 to C$86.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently weighed in on the stock. CIBC dropped their price target on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Cormark decreased their price objective on Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday, December 6th. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. Scotiabank lowered Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$98.00 to C$81.00 in a research note on Friday, December 6th. Finally, National Bankshares reduced their target price on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Toronto-Dominion Bank presently has an average rating of “Hold” and a consensus price target of C$86.83.

Toronto-Dominion Bank Stock Performance

TD stock opened at C$77.92 on Wednesday. The company has a market capitalization of C$136.36 billion, a P/E ratio of 18.04, a PEG ratio of 1.22 and a beta of 0.82. The company has a fifty day moving average price of C$77.31 and a 200-day moving average price of C$79.23. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 31st will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.39%. The ex-dividend date is Friday, January 10th. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. Toronto-Dominion Bank’s dividend payout ratio is presently 94.44%.

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.