Toronto-Dominion Bank (TSE:TD) Shares Cross Above 200-Day Moving Average – Should You Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$81.09 and traded as high as C$85.62. Toronto-Dominion Bank shares last traded at C$85.31, with a volume of 4,826,165 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TD. CIBC dropped their target price on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research report on Thursday, March 6th. Canaccord Genuity Group increased their target price on Toronto-Dominion Bank from C$87.00 to C$89.00 in a report on Monday, December 16th. Barclays downgraded Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. Desjardins downgraded shares of Toronto-Dominion Bank from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Scotiabank reduced their price target on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank has an average rating of “Hold” and a consensus target price of C$88.75.

Toronto-Dominion Bank Stock Down 0.0 %

The stock has a market cap of C$150.54 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.22 and a beta of 0.82. The business has a 50-day moving average of C$83.55 and a 200-day moving average of C$81.13.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.89%. Toronto-Dominion Bank’s payout ratio is 80.84%.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Director Theresa Lynn Currie sold 45,172 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the completion of the sale, the director now directly owns 163 shares of the company’s stock, valued at C$14,099.50. This represents a 99.64 % decrease in their position. Also, Director Michael A. French sold 9,288 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. Company insiders own 0.08% of the company’s stock.

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.