Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$89.00 at Canaccord Genuity Group

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by Canaccord Genuity Group from C$87.00 to C$89.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

TD has been the subject of a number of other reports. Jefferies Financial Group upgraded shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$82.00 to C$90.00 in a report on Thursday, December 12th. National Bankshares decreased their price target on Toronto-Dominion Bank from C$85.00 to C$80.00 in a research note on Friday, December 6th. National Bank Financial raised Toronto-Dominion Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, August 22nd. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$88.00 to C$82.00 in a report on Friday, October 11th. Finally, Desjardins lowered Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned 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$86.83.

Toronto-Dominion Bank Price Performance

The company’s 50-day moving average is C$79.01 and its two-hundred day moving average is C$79.14. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$87.99. The stock has a market capitalization of C$132.44 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 31st were paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 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.