Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$100.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price hoisted by CIBC from C$88.00 to C$100.00 in a research note released on Friday, BayStreet.CA reports.

A number of other brokerages have also commented on TD. Desjardins cut their price objective on shares of Toronto-Dominion Bank from C$91.00 to C$90.00 and set a buy rating on the stock in a report on Friday, August 23rd. Canaccord Genuity Group boosted their price target on Toronto-Dominion Bank from C$91.00 to C$93.50 and gave the stock a buy rating in a research note on Friday, May 24th. BMO Capital Markets lowered their price objective on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a market perform rating for the company in a research note on Friday, May 24th. Royal Bank of Canada dropped their price objective on Toronto-Dominion Bank from C$89.00 to C$88.00 and set an outperform rating on the stock in a report on Friday, August 23rd. Finally, Jefferies Financial Group increased their target price on Toronto-Dominion Bank from C$73.00 to C$82.00 and gave the company a hold rating in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$88.19.

Toronto-Dominion Bank Stock Up 1.8 %

TD opened at C$83.38 on Friday. The firm’s 50 day moving average is C$79.27 and its 200-day moving average is C$78.75. Toronto-Dominion Bank has a 52-week low of C$73.67 and a 52-week high of C$86.89. The firm has a market capitalization of C$145.92 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, October 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.89%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is 94.44%.

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.