I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.
Fully Valued Stocks on TSE
Today we are looking at companies that are considered fully to overvalued based on the Analyst data in the StockCalc database.
In this table we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.
There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.
Today’s Data on TSE
Today’s data is for companies listed on the Toronto Stock Exchange.
| Symbol | Name | Target Year | Close Price | Target Price Mean | Currency | Target Price # of Estimates |
|---|---|---|---|---|---|---|
| GWO | Great-West Lifeco Inc | 2017 | 35.610000 | 35.0000 | CAD | 9 |
| CTC | Canadian Tire Corp Ltd | 2017 | 196.900000 | 158.7000 | CAD | 10 |
| SJR.B | Shaw Communications Inc | 2017 | 27.940000 | 27.4546 | CAD | 11 |
| IGM | IGM Financial Inc | 2017 | 40.520000 | 39.7500 | CAD | 8 |
| CCO | Cameco Corp | 2017 | 15.650000 | 15.0000 | CAD | 6 |
| FTT | Finning International Inc | 2017 | 25.950000 | 24.3750 | CAD | 8 |
| X | TMX Group Ltd | 2017 | 75.570000 | 70.4000 | CAD | 5 |
| PJC.A | The Jean Coutu Group (PJC) Inc | 2018 | 20.360000 | 19.2500 | CAD | 8 |
| TIH | Toromont Industries Ltd | 2017 | 41.890000 | 41.4375 | CAD | 8 |
| CWB | Canadian Western Bank | 2017 | 30.690000 | 29.9792 | CAD | 12 |
| BEI.UN | Boardwalk Real Estate Investment Trust | 2017 | 50.510000 | 47.0682 | CAD | 11 |
| CJR.B | Corus Entertainment Inc | 2017 | 13.270000 | 12.8500 | CAD | 9 |
| D.UN | Dream Office Real Estate Investment Trust | 2017 | 19.610000 | 18.5714 | CAD | 7 |
| HCG | Home Capital Group Inc | 2017 | 31.120000 | 30.5833 | CAD | 9 |
| FN | First National Financial Corp | 2017 | 29.750000 | 27.5000 | CAD | 4 |
| TCL.B | Transcontinental Inc | 2017 | 22.820000 | 21.7857 | CAD | 7 |
| TCL.A | Transcontinental Inc | 2017 | 22.860000 | 21.7857 | CAD | 7 |
| ATA | ATS Automation Tooling Systems Inc | 2018 | 12.560000 | 12.0000 | CAD | 5 |
| NDM | Northern Dynasty Minerals Ltd | 2017 | 2.730000 | 2.0000 | CAD | 1 |
| ACQ | AutoCanada Inc | 2017 | 25.110000 | 24.6250 | CAD | 8 |
| AGF.B | AGF Management Ltd | 2017 | 6.350000 | 5.6125 | CAD | 8 |
| AW.UN | A&W Revenue Royalties Income Fund | 2017 | 38.900000 | 33.7500 | CAD | 1 |
| BPF.UN | Boston Pizza Royalties Income Fund | 2017 | 22.890000 | 18.5000 | CAD | 1 |
| WJX | Wajax Corp | 2017 | 22.760000 | 21.4000 | CAD | 5 |
| SRV.UN | SIR Royalty Income Fund | 2017 | 14.600000 | 13.5000 | CAD | 1 |
Let’s look at a few companies…
Lets look at a couple of the companies on this list to get a better understanding of them.
GWO:TSE Great-West Lifeco
http://www.greatwestlifeco.com
Great-West Lifeco has 22470 employees and is headquartered in Canada.
Great-West Lifeco Inc is a financial service holding company. It is engaged in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses.
CTC:TSE Canadian Tire Corp
http://www.canadiantire.ca
Canadian Tire Corp has 27772 employees and is headquartered in Canada.
Canadian Tire Corp Ltd is engaged in the retail business. Its business is conducted through a number of banners, including Canadian Tire, Canadian Tire Gas, Mark’s, PartSource, and various FGL Sports banners.
Free Valuation
Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx.
The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.