Enbridge (ENB:TSE) and Canadian Imperial Bank (CM:TSE) Are Undervalued

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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 56.640000 66.8889 CAD 9
CM Canadian Imperial Bank of Commerce 2017 111.990000 122.8000 CAD 10
CP Canadian Pacific Railway Ltd 2017 206.880000 221.6339 CAD 13
GIB.A CGI Group Inc 2017 63.070000 74.9286 CAD 14
TECK.B Teck Resources Ltd 2017 29.460000 40.9444 CAD 9
TECK.A Teck Resources Ltd 2017 29.850000 40.9444 CAD 9
WN George Weston Ltd 2017 117.910000 127.7500 CAD 4
CCL.B CCL Industries Inc 2017 301.330000 328.3333 CAD 6
CCL.A CCL Industries Inc 2017 304.000000 328.3333 CAD 6
VII Seven Generations Energy Ltd 2017 25.200000 35.0692 CAD 13
TOU Tourmaline Oil Corp 2017 28.120000 41.0909 CAD 11
VET Vermilion Energy Inc 2017 48.540000 59.0417 CAD 12
PEY Peyto Exploration & Development Corp 2017 26.010000 36.2321 CAD 14
MDA MacDonald Dettwiler and Associates Ltd 2017 69.680000 84.0909 CAD 11
MRC Morguard Corp 2017 189.440000 205.0000 CAD 2
TXG Torex Gold Resources Inc 2017 25.610000 35.8333 CAD 9
BYD.UN Boyd Group Income Fund 2017 85.810000 96.1000 CAD 10
CGO Cogeco Inc 2017 66.970000 79.0000 CAD 2
EQB Equitable Group Inc 2017 61.990000 77.8333 CAD 6
AGT AGT Food and Ingredients Inc 2017 29.600000 39.8750 CAD 8
BNE Bonterra Energy Corp 2017 20.210000 31.1563 CAD 16
CJT Cargojet Inc 2017 44.780000 56.4167 CAD 6
CJT.A Cargojet Inc 2017 44.250000 56.4167 CAD 6
TRIL Trillium Therapeutics Inc 2017 8.110000 20.0705 CAD 1
LNR Linamar Corp 2017 56.710000 69.5000 CAD 6

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.

CM:TSE Canadian Imperial Bank

Canadian Imperial Bank has 43016 employees and is headquartered in Canada.
Canadian Imperial Bank of Commerce is a Canadian-based financial institution. The Company serves its clients through three business including retail and business banking, wealth management and wholesale banking.

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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.