Toronto-Dominion Bank Price Target Raised to C$66.00 (TD)
Stock analysts at Credit Suisse raised their price target on shares of Toronto-Dominion Bank (TSE:TD) from C$63.00 to C$66.00 in a report issued on Friday. Credit Suisse’s target price would suggest a potential upside of 15.34% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Toronto-Dominion Bank from C$58.00 to C$61.00 in a research note on Friday. Separately, analysts at NBF raised their price target on shares of Toronto-Dominion Bank from C$59.00 to C$61.00 in a research note on Friday. Finally, analysts at Barclays raised their price target on shares of Toronto-Dominion Bank from C$56.00 to C$59.00 in a research note on Tuesday, August 19th. They now have an “equal weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$68.04.
Toronto-Dominion Bank (TSE:TD) traded down 0.23% on Friday, hitting $57.25. The stock had a trading volume of 3,202,537 shares. Toronto-Dominion Bank has a 1-year low of $44.18 and a 1-year high of $58.20. The stock’s 50-day moving average is $56. and its 200-day moving average is $53.29. The company has a market cap of $105.4 billion and a price-to-earnings ratio of 15.24.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders of record on Friday, October 3rd will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.29%.
The Toronto-Dominion Bank, is a Canada-based bank, offering a range of financial products and services through TD Canada Trust, TD Bank, TD commercial Bank, TD commercial Banking and TD Auto finance.
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