Scotiabank Raises Toronto-Dominion Bank (TSE:TD) Price Target to C$83.00

Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD had its target price upped by Scotiabank from C$81.00 to C$83.00 in a report issued on Wednesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

TD has been the subject of several other research reports. Canaccord Genuity Group lifted their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. BMO Capital Markets raised Toronto-Dominion Bank from a "market perform" rating to an "outperform" rating and set a C$90.00 price target for the company in a research report on Thursday, December 19th. Jefferies Financial Group raised Toronto-Dominion Bank from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$82.00 to C$90.00 in a research report on Thursday, December 12th. Royal Bank of Canada boosted 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 research report on Wednesday, January 8th. Finally, National Bankshares decreased their target price on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of C$87.67.

Toronto-Dominion Bank Stock Down 0.5 %

Shares of Toronto-Dominion Bank stock traded down C$0.45 on Wednesday, hitting C$84.64. The stock had a trading volume of 4,894,181 shares, compared to its average volume of 9,775,521. The stock has a market cap of C$148.49 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.22 and a beta of 0.82. The stock's 50-day simple moving average is C$79.38 and its two-hundred day simple moving average is C$80.26. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99.

Toronto-Dominion Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were given a dividend of $1.05 per share. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $1.02. The ex-dividend date was Friday, January 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.96%. Toronto-Dominion Bank's dividend payout ratio is presently 80.84%.

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.