Toronto-Dominion Bank (TSE:TD) Given New C$107.00 Price Target at BMO Capital Markets

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective raised by BMO Capital Markets from C$102.00 to C$107.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on the stock. Scotiabank lifted their target price on shares of Toronto-Dominion Bank from C$95.00 to C$104.00 and gave the stock a “sector perform” rating in a research note on Friday, August 29th. Barclays increased their price target on Toronto-Dominion Bank from C$95.00 to C$97.00 and gave the stock an “underweight” rating in a report on Friday, August 29th. Desjardins boosted their price objective on Toronto-Dominion Bank from C$107.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, August 29th. National Bankshares set a C$100.00 target price on Toronto-Dominion Bank and gave the stock a “sector perform” rating in a research note on Monday, September 22nd. Finally, Canaccord Genuity Group lifted their target price on Toronto-Dominion Bank from C$113.00 to C$119.00 and gave the stock a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Toronto-Dominion Bank presently has a consensus rating of “Hold” and an average target price of C$102.67.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$111.28 on Tuesday. The firm has a market cap of C$194.94 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.22 and a beta of 0.87. Toronto-Dominion Bank has a 52-week low of C$73.22 and a 52-week high of C$114.24. The firm has a 50 day moving average price of C$104.02 and a two-hundred day moving average price of C$95.86.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 31st will be issued a $1.05 dividend. The ex-dividend date is Friday, October 10th. This represents a $4.20 annualized dividend and a yield of 3.8%. Toronto-Dominion Bank’s dividend payout ratio is presently 35.70%.

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.