Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$99.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target boosted by CIBC from C$96.00 to C$99.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on TD. Scotiabank raised shares of Toronto-Dominion Bank to a “hold” rating in a report on Wednesday, May 14th. National Bankshares set a C$80.00 target price on Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Thursday, May 22nd. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research note on Friday, February 14th. Finally, Jefferies Financial Group downgraded Toronto-Dominion Bank from a “buy” rating to a “hold” rating and boosted their price target for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and a consensus target price of C$89.08.

Toronto-Dominion Bank Stock Performance

TSE TD opened at C$96.35 on Thursday. Toronto-Dominion Bank has a fifty-two week low of C$73.22 and a fifty-two week high of C$96.48. The company has a market cap of C$169.04 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.22 and a beta of 0.82. The business’s 50 day moving average price is C$87.76 and its 200-day moving average price is C$83.58.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.36%. Toronto-Dominion Bank’s dividend payout ratio is presently 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In other Toronto-Dominion Bank news, Director Michael A. French sold 9,288 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$85.25, for a total value of C$791,802.00. Also, Senior Officer Paul Martyn Clark sold 16,936 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$94.87, for a total value of C$1,606,718.32. Following the completion of the transaction, the insider now owns 260 shares in the company, valued at approximately C$24,666.20. This trade represents a 98.49% decrease in their position. Over the last ninety days, insiders have acquired 31,154 shares of company stock valued at $2,567,191 and have sold 84,628 shares valued at $7,929,143. 0.08% of the stock is currently owned by corporate insiders.

Toronto-Dominion Bank Company Profile

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.