Toronto-Dominion Bank Receives New Coverage from Analysts at RBC Capital (TD)
Investment analysts at RBC Capital assumed coverage on shares of Toronto-Dominion Bank (TSE:TD) in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm set an “outperform” rating and a C$113.00 price target on the stock. RBC Capital’s price target points to a potential upside of 14.29% from the stock’s previous close.
Shares of Toronto-Dominion Bank (TSE:TD) opened at 98.87 on Friday. Toronto-Dominion Bank has a 52-week low of $79.59 and a 52-week high of $100.56. The stock’s 50-day moving average is $97.13 and its 200-day moving average is $91.22. The company has a market cap of $90.713 billion and a price-to-earnings ratio of 14.32.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of 0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, January 2nd.
TD has been the subject of a number of other recent research reports. Analysts at CIBC reiterated a “sector outperform” rating on shares of Toronto-Dominion Bank in a research note to investors on Friday, December 6th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Toronto-Dominion Bank from C$88.00 to C$98.00 in a research note to investors on Monday, November 25th. They now have a “market perform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Toronto-Dominion Bank from C$108.00 to C$113.00 in a research note to investors on Monday, November 25th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$98.45.
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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