Toronto-Dominion Bank (TSE:TD) Price Target Lowered to C$82.00 at Scotiabank

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective reduced by Scotiabank from C$83.00 to C$82.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

TD has been the topic of a number of other reports. Royal Bank of Canada boosted 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 research report on Wednesday, January 8th. UBS Group boosted their price target on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. BMO Capital Markets upgraded shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating and set a C$90.00 price target on the stock in a research report on Thursday, December 19th. CIBC boosted their price target on shares of Toronto-Dominion Bank from C$90.00 to C$94.00 in a research report on Tuesday. Finally, Barclays lowered shares of Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 21st. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$88.67.

Toronto-Dominion Bank Stock Performance

Shares of Toronto-Dominion Bank stock opened at C$85.59 on Thursday. The firm’s 50-day simple moving average is C$80.21 and its 200-day simple moving average is C$80.38. Toronto-Dominion Bank has a twelve month low of C$73.22 and a twelve month high of C$87.99. The firm has a market cap of C$150.16 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a $1.05 dividend. The ex-dividend date of this dividend was Friday, January 10th. 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 4.91%. Toronto-Dominion Bank’s payout ratio is currently 80.84%.

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.