Toronto-Dominion Bank (TSE:TD) Given New C$94.00 Price Target at CIBC

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by CIBC from C$90.00 to C$94.00 in a report published on Tuesday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on TD. Cormark decreased their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$94.00 in a research report on Friday, December 6th. National Bankshares reduced their price target on shares of Toronto-Dominion Bank from C$85.00 to C$80.00 in a research report on Friday, December 6th. Royal Bank of Canada raised their target price on shares of Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. UBS Group raised their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a report on Friday, February 14th. Finally, Barclays lowered Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Toronto-Dominion Bank presently 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 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’s 50-day moving average price is C$79.60 and its 200-day moving average price is C$80.29.

Toronto-Dominion Bank Increases Dividend

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