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

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

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

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$96.35 on Thursday. Toronto-Dominion Bank has a 1 year low of C$73.22 and a 1 year high of C$96.48. The stock has a fifty day moving average of C$87.76 and a two-hundred day moving average of C$83.58. The firm has a market capitalization of C$169.04 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

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

Insider Activity at Toronto-Dominion Bank

In other news, Director Ajay Kumar Virmani purchased 24,636 shares of the business’s stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average price of C$81.22 per share, with a total value of C$2,000,935.92. Also, Director Ana Arsov acquired 3,483 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was bought at an average price of C$80.24 per share, with a total value of C$279,475.92. In the last 90 days, insiders have purchased 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 owned by 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.