Toronto-Dominion Bank (TD) Given Average Rating of “Buy” by Analysts

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$73.00.

TD has been the topic of a number of research analyst reports. Scotiabank raised their price target on Toronto-Dominion Bank from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. Keefe, Bruyette & Woods raised their price target on Toronto-Dominion Bank from C$68.00 to C$70.00 in a research note on Friday, September 1st. TD Securities raised their price target on Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. National Bank Financial raised Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$69.00 to C$74.00 in a research note on Thursday, August 31st. Finally, CIBC raised their price target on Toronto-Dominion Bank from C$71.00 to C$73.00 in a research note on Friday, September 1st.

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In other news, insider Theresa Lynn Currie sold 2,128 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of C$66.86, for a total value of C$142,278.08.

Toronto-Dominion Bank (TSE TD) opened at 71.08 on Wednesday. The stock has a market cap of $131.40 billion and a price-to-earnings ratio of 13.46. The stock’s 50 day moving average price is $68.52 and its 200 day moving average price is $65.70. Toronto-Dominion Bank has a 12-month low of $58.21 and a 12-month high of $71.85.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, October 5th.

About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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