Citigroup reported on Tuesday that they have begun coverage of financial services company, Toronto-Dominion Bank(TD).
The firm announced that they have initiated coverage of TD with a “Buy” rating and a $92 price target. This price target suggests a 9% increase over the stock’s current price of $83.33.
Analysts reported that they see an upside on dividends for the company.
Toronto-Dominion Bank shares were mostly flat during premarket trading Tuesday. The stock is up 11.39% YTD.
The Bottom Line
We have been recommending shares of Toronto-Dominion Bank (TD) since Aug.31, when the stock was trading at $81.29. The company has a 3.70% dividend yield, based on last night’s closing stock price of $83.33.
Toronto-Dominion Bank(TD)is a “Recommended” dividend stock at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.