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 54.960000 66.0000 CAD 10
CNQ Canadian Natural Resources Ltd 2017 43.660000 53.8667 CAD 15
CP Canadian Pacific Railway Ltd 2017 196.270000 219.8381 CAD 13
GIB.A CGI Group Inc 2017 63.270000 74.3333 CAD 15
TECK.A Teck Resources Ltd 2017 29.790000 40.5000 CAD 9
TECK.B Teck Resources Ltd 2017 28.250000 40.5000 CAD 9
WN George Weston Ltd 2017 112.430000 127.7500 CAD 4
DOL Dollarama Inc 2017 99.990000 113.4545 CAD 11
CTC.A Canadian Tire Corp Ltd 2017 152.630000 173.4444 CAD 9
CCL.A CCL Industries Inc 2017 296.390000 325.8333 CAD 6
CCL.B CCL Industries Inc 2017 293.550000 325.8333 CAD 6
VII Seven Generations Energy Ltd 2017 23.360000 37.5308 CAD 13
SNC SNC-Lavalin Group Inc 2017 52.330000 63.6000 CAD 10
TOU Tourmaline Oil Corp 2017 28.770000 45.8333 CAD 12
VET Vermilion Energy Inc 2017 49.410000 61.2083 CAD 12
PEY Peyto Exploration & Development Corp 2017 27.190000 40.1167 CAD 15
MDA MacDonald Dettwiler and Associates Ltd 2017 67.300000 84.0909 CAD 11
MRC Morguard Corp 2017 182.000000 202.5000 CAD 2
CGO Cogeco Inc 2017 60.940000 75.0000 CAD 2
AGT AGT Food and Ingredients Inc 2017 31.830000 42.8571 CAD 7
BNE Bonterra Energy Corp 2017 22.550000 32.5625 CAD 16
CJT Cargojet Inc 2017 46.500000 57.2500 CAD 6
CJT.A Cargojet Inc 2017 43.450000 57.2500 CAD 6
GSY goeasy Ltd 2017 29.550000 40.2000 CAD 5
TRIL Trillium Therapeutics Inc 2017 9.000000 20.1328 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.

ENB:TSE Enbridge

Enbridge has 7733 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

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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.