Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been given an average rating of “Buy” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$73.00.

TD has been the topic of a number of analyst reports. National Bank Financial upgraded shares of Toronto-Dominion Bank from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$69.00 to C$74.00 in a research report on Thursday, August 31st. BMO Capital Markets boosted their target price on shares of Toronto-Dominion Bank from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Scotiabank boosted their target price on shares of Toronto-Dominion Bank from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Monday, August 21st. CSFB boosted their target price on shares of Toronto-Dominion Bank from C$73.00 to C$75.00 in a research report on Friday, September 1st. Finally, TD Securities boosted their target price on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research report on Friday, September 1st.

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In other news, insider Theresa Lynn Currie sold 2,128 shares of Toronto-Dominion Bank stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of C$66.86, for a total transaction of C$142,278.08.

Toronto-Dominion Bank (TD) traded up 0.27% during trading on Friday, hitting $67.45. 15,036,673 shares of the company traded hands. The firm has a market cap of $124.34 billion and a price-to-earnings ratio of 13.33. Toronto-Dominion Bank has a 52-week low of $57.06 and a 52-week high of $71.31. The company’s 50-day moving average is $65.10 and its 200 day moving average is $65.34.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.51.

Toronto-Dominion Bank Company Profile

Toronto-Dominion Bank (the Bank) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. Its segments include Canadian Retail, U.S. Retail, Wholesale Banking and Corporate. The Canadian Retail segment provides a range of financial products and services to customers in the Canadian personal and commercial banking businesses.

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

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