Toronto-Dominion Bank (TSE:TD) Price Target Cut to C$93.00 by Analysts at CIBC

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective reduced by CIBC from C$96.00 to C$93.00 in a research note released on Tuesday morning,BayStreet.CA reports.

A number of other analysts have also recently weighed in on TD. Canaccord Genuity Group dropped their target price on shares of Toronto-Dominion Bank from C$91.50 to C$89.00 in a report on Tuesday, November 19th. Cormark cut their target price on shares of Toronto-Dominion Bank from C$93.00 to C$91.00 in a report on Friday, October 11th. Desjardins lowered their target price on Toronto-Dominion Bank from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. BMO Capital Markets raised their price target on Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. Finally, Jefferies Financial Group boosted their price objective on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a “hold” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank currently has a consensus rating of “Hold” and an average target price of C$87.42.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at C$78.63 on Tuesday. Toronto-Dominion Bank has a 1 year low of C$73.67 and a 1 year high of C$87.99. The firm’s 50-day simple moving average is C$81.09 and its 200-day simple moving average is C$79.14. The firm has a market cap of C$137.60 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders 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 annualized dividend and a dividend yield of 5.19%. Toronto-Dominion Bank’s dividend payout ratio is currently 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.