National Bankshares Cuts Toronto-Dominion Bank (TSE:TD) Price Target to C$80.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target cut by National Bankshares from C$84.00 to C$80.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts have also weighed in on the stock. Jefferies Financial Group lowered shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating and raised their price target for the company from C$90.00 to C$99.00 in a report on Tuesday, February 18th. Canaccord Genuity Group upped their price target on Toronto-Dominion Bank from C$87.00 to C$89.00 in a research note on Monday, December 16th. CIBC dropped their price objective on Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. Royal Bank of Canada upped 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 report on Wednesday, January 8th. Finally, Scotiabank decreased their price objective on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of C$88.75.

Toronto-Dominion Bank Price Performance

TD stock opened at C$81.19 on Monday. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$87.99. The stock has a market capitalization of C$142.44 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.22 and a beta of 0.82. The business has a fifty day moving average price of C$84.51 and a 200 day moving average price of C$81.27.

Toronto-Dominion Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Thursday, April 10th. Toronto-Dominion Bank’s payout ratio is currently 80.84%.

Insiders Place Their Bets

In other Toronto-Dominion Bank news, Director Michael A. French sold 9,288 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$85.25, for a total transaction of C$791,802.00. Also, Director Theresa Lynn Currie sold 45,172 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 163 shares in the company, valued at C$14,099.50. The trade was a 99.64 % decrease in their position. 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.