Toronto-Dominion Bank (TSE:TD) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$81.14 and traded as high as C$84.44. Toronto-Dominion Bank shares last traded at C$84.18, with a volume of 3,926,144 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotiabank lowered their target price on Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating for the company in a research note on Thursday, February 20th. UBS Group raised their target price on shares of Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Jefferies Financial Group cut Toronto-Dominion Bank from a “buy” rating to a “hold” rating and increased their price target for the company from C$90.00 to C$99.00 in a research note on Tuesday, February 18th. CIBC lowered their target price on Toronto-Dominion Bank from C$96.00 to C$95.00 in a report on Thursday, March 6th. Finally, Royal Bank of Canada lifted their price target on Toronto-Dominion Bank from C$77.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$88.75.

Toronto-Dominion Bank Trading Up 0.2 %

The stock has a market capitalization of C$147.68 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business has a fifty day simple moving average of C$84.36 and a 200 day simple moving average of C$81.14.

Toronto-Dominion Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Thursday, April 10th. Toronto-Dominion Bank’s dividend payout ratio (DPR) is presently 80.84%.

Insider Buying and Selling at Toronto-Dominion Bank

In related news, Director Ana Arsov bought 3,483 shares of Toronto-Dominion Bank stock in a transaction dated Friday, April 11th. The stock was purchased at an average cost of C$80.24 per share, with a total value of C$279,475.92. Also, Director Theresa Lynn Currie sold 45,172 shares of Toronto-Dominion Bank stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$86.50, for a total transaction of C$3,907,378.00. Following the completion of the sale, the director now directly owns 163 shares in the company, valued at C$14,099.50. This trade represents a 99.64 % decrease in their position. Company insiders own 0.08% of the company’s stock.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.