Toronto-Dominion Bank (TSE:TD) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$81.14 and traded as high as C$87.79. Toronto-Dominion Bank shares last traded at C$87.56, with a volume of 12,522,835 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TD shares. Scotiabank reduced their target price on shares of Toronto-Dominion Bank from C$83.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Thursday, February 20th. CIBC reduced their price objective on shares of Toronto-Dominion Bank from C$96.00 to C$95.00 in a research note on Thursday, March 6th. UBS Group raised their target price on Toronto-Dominion Bank from C$83.00 to C$90.00 in a research report on Friday, February 14th. Royal Bank of Canada upped 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 report on Wednesday, January 8th. Finally, National Bankshares lowered their price objective on Toronto-Dominion Bank from C$84.00 to C$80.00 and set a “sector perform” rating for the company in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toronto-Dominion Bank presently has an average rating of “Hold” and a consensus target price of C$88.75.

Toronto-Dominion Bank Trading Up 1.0 %

The company has a market cap of C$153.61 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 1.22 and a beta of 0.82. The stock’s 50-day moving average is C$84.50 and its 200-day moving average is C$81.14.

Toronto-Dominion Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, April 10th. This represents a $4.20 annualized dividend and a dividend yield of 4.80%. Toronto-Dominion Bank’s dividend payout ratio is currently 80.84%.

Insider Activity

In other Toronto-Dominion Bank news, Director Theresa Lynn Currie sold 45,172 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$86.50, for a total value of C$3,907,378.00. Following the transaction, the director now directly owns 163 shares of the company’s stock, valued at approximately C$14,099.50. This trade represents a 99.64 % decrease in their ownership of the stock. Also, Director Michael A. French sold 9,288 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$85.25, for a total transaction of C$791,802.00. 0.08% of the stock is currently owned by company insiders.

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.