Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price decreased by Canaccord Genuity from C$81.00 to C$79.00 in a research note released on Friday morning, BayStreet.CA reports.

Several other brokerages have also issued reports on TD. Citigroup lowered their target price on Toronto-Dominion Bank from C$90.00 to C$82.00 in a research report on Tuesday, September 10th. CSFB reduced their price target on Toronto-Dominion Bank from C$78.00 to C$76.00 in a research report on Wednesday, October 2nd. Desjardins set a C$81.00 price target on Toronto-Dominion Bank and gave the company a buy rating in a research report on Friday, November 22nd. Scotiabank increased their price target on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research note on Wednesday, November 20th. Finally, National Bank Financial lowered their price objective on Toronto-Dominion Bank from C$83.00 to C$81.00 and set an outperform rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$80.45.

Shares of Toronto-Dominion Bank stock opened at C$73.43 on Friday. Toronto-Dominion Bank has a twelve month low of C$65.56 and a twelve month high of C$77.96. The stock has a market cap of $133.58 billion and a price-to-earnings ratio of 11.67. The company’s fifty day moving average is C$75.83 and its 200 day moving average is C$75.26.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Thursday, January 9th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 44.83%.

In related news, Senior Officer Ajai Bambawale sold 13,908 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$76.90, for a total value of C$1,069,525.20. Also, Senior Officer Frank Joseph Mckenna sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of C$73.50, for a total transaction of C$367,500.00.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, such as checking, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network; credit cards; investing, advice-based, and asset management services to retail and institutional clients; and property and casualty insurance, as well as life and health insurance products.

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

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