Enbridge (ENB:TSE) and Canadian Natural (CNQ:TSE) Are Undervalued

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.

Undervalued Stocks on TSE

Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.

In the table below 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
ENB Enbridge Inc 2017 56.550000 64.6250 CAD 8
CNQ Canadian Natural Resources Ltd 2017 40.300000 50.2857 CAD 14
CP Canadian Pacific Railway Ltd 2017 203.100000 219.2914 CAD 13
L Loblaw Companies Ltd 2017 69.550000 79.6667 CAD 9
GIB.A CGI Group Inc 2017 64.260000 73.0357 CAD 14
WN George Weston Ltd 2017 112.210000 127.6000 CAD 5
DOL Dollarama Inc 2017 99.420000 113.5455 CAD 11
CTC.A Canadian Tire Corp Ltd 2017 141.390000 158.7000 CAD 10
CCL.B CCL Industries Inc 2017 269.890000 307.5000 CAD 6
CCL.A CCL Industries Inc 2017 260.000000 307.5000 CAD 6
VII Seven Generations Energy Ltd 2017 27.150000 38.7000 CAD 14
TOU Tourmaline Oil Corp 2017 31.150000 46.3750 CAD 12
VET Vermilion Energy Inc 2017 54.020000 61.8750 CAD 12
PEY Peyto Exploration & Development Corp 2017 28.940000 41.5500 CAD 15
WFT West Fraser Timber Co.Ltd 2017 45.460000 54.2917 CAD 6
MDA MacDonald Dettwiler and Associates Ltd 2017 75.190000 86.7000 CAD 10
MRC Morguard Corp 2017 174.100000 202.5000 CAD 2
BYD.UN Boyd Group Income Fund 2017 86.350000 94.2000 CAD 10
LAS.A Lassonde Industries Inc 2017 206.000000 225.0000 CAD 1
ENGH Enghouse Systems Ltd 2017 51.850000 67.0000 CAD 3
CGO Cogeco Inc 2017 63.180000 72.5000 CAD 2
EQB Equitable Group Inc 2017 60.350000 72.1667 CAD 6
EPI ESSA Pharma Inc 2017 2.440000 11.4879 CAD 1
TR Trillium Therapeutics Inc 2017 6.450000 19.8068 CAD 1
APS Aptose Biosciences Inc 2017 1.330000 12.5443 CAD 2

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.

ENB:TSE Enbridge

Enbridge has 11000 employees and is headquartered in Canada.
Enbridge Inc transports and distributes crude oil and natural gas. It is also engaged in natural gas gathering, transmission and midstream businesses and power transmission.

CNQ:TSE Canadian Natural

Canadian Natural has 7568 employees and is headquartered in Canada.
Canadian Natural Resources Ltd is a senior independent energy company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs and natural gas.

Free Valuation

Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx or subscribe at our Stockcalc Facebook Page to receive this list each day Stockcalc Reports.

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.