Toronto-Dominion Bank (TSE:TD) Price Target Lowered to C$87.00 at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD had its price objective lowered by Canaccord Genuity Group from C$89.00 to C$87.00 in a research note released on Friday,BayStreet.CA reports.

TD has been the subject of several other reports. Desjardins dropped their price objective on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a "buy" rating for the company in a research report on Friday, August 23rd. Barclays downgraded Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 21st. Cormark reduced their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research note on Friday. CIBC lowered their price objective on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday. Finally, Jefferies Financial Group increased their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a "hold" rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$86.00.

Toronto-Dominion Bank Trading Down 0.7 %

TSE TD traded down C$0.51 on Friday, hitting C$73.51. 9,313,455 shares of the company's stock were exchanged, compared to its average volume of 7,415,022. The stock has a 50-day moving average of C$80.01 and a 200-day moving average of C$79.19. The stock has a market cap of C$128.64 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a 52 week low of C$73.22 and a 52 week high of C$87.99.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were issued a $1.02 dividend. The ex-dividend date was Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a yield of 5.55%. Toronto-Dominion Bank's payout ratio is 94.44%.

About Toronto-Dominion Bank

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.