Toronto-Dominion Bank (TSE:TD) Price Target Raised to C$117.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by Jefferies Financial Group from C$103.00 to C$117.00 in a research note released on Wednesday,BayStreet.CA reports.

A number of other brokerages also recently commented on TD. National Bankshares set a C$80.00 price objective on shares of Toronto-Dominion Bank and gave the company a “sector perform” rating in a research report on Thursday, May 22nd. CIBC increased their price objective on Toronto-Dominion Bank from C$96.00 to C$99.00 and gave the stock an “outperform” rating in a report on Thursday, June 5th. Barclays boosted their target price on Toronto-Dominion Bank from C$83.00 to C$91.00 in a research note on Monday, June 9th. Canaccord Genuity Group set a C$101.00 price target on Toronto-Dominion Bank and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Finally, Scotiabank raised Toronto-Dominion Bank to a “hold” rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and a consensus price target of C$95.31.

Toronto-Dominion Bank Trading Down 0.6%

Shares of TSE TD opened at C$102.35 on Wednesday. Toronto-Dominion Bank has a one year low of C$73.22 and a one year high of C$103.11. The business has a 50-day moving average price of C$100.15 and a two-hundred day moving average price of C$91.16. The firm has a market capitalization of C$179.56 billion, a PE ratio of 20.28, a PEG ratio of 1.22 and a beta of 0.82.

Toronto-Dominion Bank Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 31st were paid a $1.05 dividend. The ex-dividend date was Thursday, July 10th. This represents a $4.20 dividend on an annualized basis and a yield of 4.1%. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 80.84%.

Insider Transactions at Toronto-Dominion Bank

In other news, Director Ana Arsov bought 3,000 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was purchased at an average price of C$94.49 per share, with a total value of C$283,470.00. Also, Director Theresa Lynn Currie sold 48,792 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of C$94.64, for a total value of C$4,617,674.88. Following the completion of the sale, the director directly owned 163 shares in the company, valued at approximately C$15,426.32. This represents a 99.67% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 81,612 shares of company stock worth $7,748,610. Corporate insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.