The Toronto-Dominion Bank (TSE:TD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$93.45.

A number of analysts have recently issued reports on TD shares. Bank of America dropped their price objective on shares of Toronto-Dominion Bank from C$99.00 to C$90.00 in a report on Friday, May 26th. BMO Capital Markets dropped their price objective on shares of Toronto-Dominion Bank from C$85.00 to C$83.00 in a report on Friday, May 26th. Canaccord Genuity Group lifted their price objective on shares of Toronto-Dominion Bank from C$86.00 to C$92.50 and gave the stock a “buy” rating in a report on Monday, July 24th. Fundamental Research set a C$99.25 price objective on shares of Toronto-Dominion Bank and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, CIBC dropped their price objective on shares of Toronto-Dominion Bank from C$94.00 to C$92.00 and set an “outperform” rating for the company in a report on Tuesday, August 22nd.

Toronto-Dominion Bank Price Performance

Shares of TSE:TD opened at C$80.78 on Friday. The firm has a fifty day moving average price of C$83.97 and a two-hundred day moving average price of C$82.58. Toronto-Dominion Bank has a one year low of C$76.32 and a one year high of C$94.05. The company has a market cap of C$147.02 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.06 and a beta of 0.86.

Toronto-Dominion Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Thursday, October 5th. Toronto-Dominion Bank’s payout ratio is 49.68%.

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 three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases.