Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$90.00 at UBS Group

Toronto-Dominion Bank (TSE:TD - Free Report) NYSE: TD had its price objective lifted by UBS Group from C$83.00 to C$90.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on TD. Cormark lowered their price target on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. Desjardins lowered Toronto-Dominion Bank from a "moderate buy" rating to a "hold" rating in a report on Thursday, December 5th. Canaccord Genuity Group boosted their target price on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. National Bankshares lowered their price target on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a report on Friday, December 6th. Finally, Royal Bank of Canada lifted their price objective on shares of 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of C$88.75.

Toronto-Dominion Bank Trading Up 0.6 %

Shares of Toronto-Dominion Bank stock traded up C$0.49 during trading on Friday, hitting C$85.13. 3,920,796 shares of the stock traded hands, compared to its average volume of 9,598,105. The stock's fifty day simple moving average is C$79.60 and its 200 day simple moving average is C$80.29. The firm has a market cap of C$149.35 billion, a P/E ratio of 16.87, a price-to-earnings-growth 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 4.93%. This is an increase from Toronto-Dominion Bank's previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Friday, January 10th. 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.