Toronto-Dominion Bank (TSE:TD) Stock Crosses Above 200-Day Moving Average of $88.79

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$88.79 and traded as high as C$102.85. Toronto-Dominion Bank shares last traded at C$102.46, with a volume of 10,785,568 shares trading hands.

Several brokerages have issued reports on TD. Desjardins lifted their price objective on Toronto-Dominion Bank from C$100.00 to C$107.00 and gave the company a “buy” rating in a research report on Friday, December 3rd. National Bankshares lifted their price objective on Toronto-Dominion Bank from C$93.00 to C$106.00 and gave the company an “outperform” rating in a research report on Friday, December 3rd. BMO Capital Markets lifted their target price on Toronto-Dominion Bank from C$94.00 to C$105.00 in a research note on Saturday, December 4th. Veritas Investment Research cut Toronto-Dominion Bank from a “buy” rating to a “reduce” rating in a research note on Friday, December 3rd. Finally, National Bank Financial lifted their target price on Toronto-Dominion Bank from C$89.00 to C$93.00 and gave the company a “buy” rating in a research note on Friday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$99.09.

The stock has a market capitalization of C$186.96 billion and a price-to-earnings ratio of 13.27. The business has a 50 day simple moving average of C$95.63 and a 200-day simple moving average of C$88.79.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Monday, January 10th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 3.47%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Friday, January 7th. Toronto-Dominion Bank’s payout ratio is presently 40.93%.

In other news, Senior Officer Ajai Bambawale sold 19,288 shares of the business’s stock in a transaction dated Thursday, December 9th. The stock was sold at an average price of C$95.06, for a total value of C$1,833,517.28. Also, Senior Officer Theresa Lynn Currie sold 53,724 shares of the business’s stock in a transaction dated Monday, December 6th. The shares were sold at an average price of C$94.88, for a total value of C$5,097,333.12.

Toronto-Dominion Bank Company Profile (TSE:TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. It operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and day-to-day banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases through auto dealer network.

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