Canaccord Genuity Raises Toronto-Dominion Bank (TD) Price Target to C$78.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by Canaccord Genuity from C$74.00 to C$78.00 in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently commented on TD. Keefe, Bruyette & Woods increased their target price on shares of Toronto-Dominion Bank from C$68.00 to C$70.00 in a research report on Friday, September 1st. Scotiabank increased their target price on shares of Toronto-Dominion Bank from C$71.00 to C$73.00 and gave the company an outperform rating in a research report on Monday, August 21st. National Bank Financial raised shares of Toronto-Dominion Bank from a sector perform rating to an outperform rating and increased their target price for the company from C$69.00 to C$74.00 in a research report on Thursday, August 31st. TD Securities increased their target price on shares of Toronto-Dominion Bank from C$75.00 to C$77.00 and gave the company a buy rating in a research report on Friday, September 1st. Finally, CIBC increased their target price on shares of Toronto-Dominion Bank from C$71.00 to C$73.00 in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$73.31.

Toronto-Dominion Bank (TSE TD) opened at C$73.28 on Wednesday.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were issued a $0.60 dividend. The ex-dividend date was Thursday, October 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.28%. This is a boost from Toronto-Dominion Bank’s previous quarterly dividend of $0.51.

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

About Toronto-Dominion Bank

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.

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