Brokerages Set Toronto-Dominion Bank (TD) PT at $73.00

Shares of Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been given an average recommendation of “Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$73.00.

A number of equities analysts have recently commented on the stock. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$69.00 to C$74.00 in a research report on Thursday, August 31st. CSFB raised their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$75.00 in a research report on Friday, September 1st. Scotiabank raised their price objective on shares of Toronto-Dominion Bank from C$73.00 to C$76.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods raised their price objective on shares of Toronto-Dominion Bank from C$68.00 to C$70.00 in a research report on Friday, September 1st. Finally, CIBC raised their price objective on shares of Toronto-Dominion Bank from C$71.00 to C$73.00 in a research report on Friday, September 1st.

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The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $0.60 dividend. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51. This represents a $2.40 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Thursday, October 5th.

In related news, insider Theresa Lynn Currie sold 2,128 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of C$66.86, for a total value of C$142,278.08.

About Toronto-Dominion Bank

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

Analyst Recommendations for Toronto-Dominion Bank (TSE:TD)

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