Brokerages Set The Toronto-Dominion Bank (TSE:TD) PT at C$88.75

Shares of The Toronto-Dominion Bank (TSE:TD - Get Free Report) NYSE: TD have received an average rating of "Hold" from the thirteen research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$88.75.

A number of equities research analysts have commented on TD shares. Barclays lowered shares of Toronto-Dominion Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, November 21st. BMO Capital Markets raised shares of 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 report on Thursday, December 19th. CIBC dropped their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. UBS Group increased their price objective on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Finally, 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.

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Insider Buying and Selling

In related news, Director Theresa Lynn Currie sold 45,172 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the completion of the transaction, the director now directly owns 163 shares of the company's stock, valued at approximately C$14,099.50. This represents a 99.64 % decrease in their position. 0.08% of the stock is currently owned by company insiders.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD traded up C$1.36 during trading on Tuesday, reaching C$84.63. The stock had a trading volume of 5,371,487 shares, compared to its average volume of 7,972,004. The stock has a market capitalization 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 has a 52 week low of C$73.22 and a 52 week high of C$87.99. The business's 50-day moving average price is C$82.97 and its 200 day moving average price is C$80.98.

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 given a $1.05 dividend. 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 currently 80.84%.

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.