Toronto-Dominion Bank (TSE:TD) Given New C$93.00 Price Target at CIBC

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price reduced by CIBC from C$96.00 to C$93.00 in a research note released on Tuesday,BayStreet.CA reports.

TD has been the subject of a number of other research reports. BMO Capital Markets raised their price target on shares of Toronto-Dominion Bank from C$84.00 to C$94.00 in a report on Monday, November 18th. Royal Bank of Canada downgraded Toronto-Dominion Bank from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$88.00 to C$82.00 in a research report on Friday, October 11th. Bank of America upped their price target on Toronto-Dominion Bank from C$85.00 to C$90.00 in a research note on Friday, August 23rd. Canaccord Genuity Group lowered their price objective on Toronto-Dominion Bank from C$91.50 to C$89.00 in a research report on Tuesday, November 19th. Finally, Barclays cut Toronto-Dominion Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus price target of C$87.42.

Toronto-Dominion Bank Price Performance

Shares of TD opened at C$79.23 on Tuesday. The company has a market capitalization of C$138.65 billion, a P/E ratio of 18.34, a PEG ratio of 1.22 and a beta of 0.82. Toronto-Dominion Bank has a one year low of C$73.67 and a one year high of C$87.99. The business’s 50 day simple moving average is C$80.72 and its 200-day simple moving average is C$79.17.

Toronto-Dominion Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 31st were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Thursday, October 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is currently 94.44%.

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 four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.