Toronto-Dominion Bank Given New C$93.00 Price Target at Barclays Capital (TD)
Investment analysts at Barclays Capital increased their price objective on shares of Toronto-Dominion Bank (TSE:TD) from C$92.00 to C$93.00 in a note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price target points to a potential upside of 2.43% from the company’s current price.
A number of other firms have also recently commented on TD. Analysts at CIBC upgraded shares of Toronto-Dominion Bank (TSE:TD) from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 4th. They now have a C$98.00 price target on the stock, up previously from C$95.00. Separately, analysts at Credit Suisse raised their price target on shares of Toronto-Dominion Bank (TSE:TD) from C$88.00 to C$91.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock. Finally, analysts at CSFB raised their price target on shares of Toronto-Dominion Bank (TSE:TD) from C$88.00 to C$91.00 in a research note to investors on Friday, August 30th. They now have a “neutral” rating on the stock.
Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$96.40.
Toronto-Dominion Bank (TSE:TD) traded up 0.59% on Tuesday, hitting $91.33. The stock had a trading volume of 572,390 shares. Toronto-Dominion Bank has a 52-week low of $78.05 and a 52-week high of $92.25. The stock has a 50-day moving average of $88.49 and a 200-day moving average of $84.73. The company has a market cap of $84.005 billion and a P/E ratio of 13.12.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Thursday, October 3rd will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.74%.
The Toronto-Dominion Bank is a Canada-based bank. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (TSE:TD).
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