Toronto-Dominion Bank (TSE:TD) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) from a buy rating to a hold rating in a report released on Tuesday morning,BayStreet.CA reports. Jefferies Financial Group currently has C$99.00 target price on the stock, up from their previous target price of C$90.00.

Several other analysts have also issued reports on TD. CIBC decreased their price target on shares of Toronto-Dominion Bank from C$93.00 to C$90.00 in a research report on Friday, December 6th. Canaccord Genuity Group raised their price target on shares of Toronto-Dominion Bank from C$87.00 to C$89.00 in a research report on Monday, December 16th. UBS Group lifted their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Royal Bank of Canada boosted their price target on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. Finally, Cormark reduced 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. 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$88.75.

Toronto-Dominion Bank Stock Up 0.6 %

TD stock opened at C$85.13 on Tuesday. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$87.99. The company has a market cap of C$149.35 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.22 and a beta of 0.82. The company has a 50 day moving average of C$79.60 and a two-hundred day moving average of C$80.29.

Toronto-Dominion Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were issued a $1.05 dividend. This is a positive change from Toronto-Dominion Bank’s previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a yield of 4.93%. The ex-dividend date was Friday, January 10th. 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.