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
RY Royal Bank of Canada 2018 90.530000 102.7150 CAD 10
ENB Enbridge Inc 2018 49.210000 64.6000 CAD 10
CNR Canadian National Railway Co 2018 98.920000 111.9988 CAD 12
BMO Bank of Montreal 2018 89.890000 102.1600 CAD 10
CM Canadian Imperial Bank of Commerce 2018 105.220000 119.6430 CAD 10
CP Canadian Pacific Railway Ltd 2018 194.480000 229.3894 CAD 13
L Loblaw Companies Ltd 2018 64.700000 80.7500 CAD 8
GIB.A CGI Group Inc 2018 63.050000 74.8571 CAD 14
CCL.A CCL Industries Inc 2018 58.600000 71.5714 CAD 7
CCL.B CCL Industries Inc 2018 55.160000 71.5714 CAD 7
WN George Weston Ltd 2018 105.150000 131.7500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 145.140000 182.2222 CAD 9
SNC SNC-Lavalin Group Inc 2018 53.950000 68.3333 CAD 9
TOU Tourmaline Oil Corp 2018 23.920000 37.6667 CAD 12
MDA MacDonald Dettwiler and Associates Ltd 2018 69.140000 84.1000 CAD 10
CGX Cineplex Inc 2018 38.020000 49.2222 CAD 9
MRC Morguard Corp 2018 174.740000 210.0000 CAD 2
TXG Torex Gold Resources Inc 2018 21.650000 32.9722 CAD 9
BYD.UN Boyd Group Income Fund 2018 93.050000 109.0000 CAD 10
LAS.A Lassonde Industries Inc 2018 235.710000 250.0000 CAD 1
ENGH Enghouse Systems Ltd 2018 50.460000 62.7500 CAD 4
EIF Exchange Income Corp 2018 31.530000 42.6000 CAD 10
AFN Ag Growth International Inc 2018 56.130000 68.4286 CAD 7
EQB Equitable Group Inc 2018 51.730000 65.1429 CAD 7
GSY goeasy Ltd 2018 28.360000 41.0000 CAD 5

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 serves the oil & gas industry. Its key activity involves gathering and transportation of crude oil and natural gas.

CM:TSE Canadian Imperial Bank

Canadian Imperial Bank has 45685 employees and is headquartered in Canada.
Canadian Imperial Bank of Commerce is a Canadian-based financial institution. The Company serves its clients through 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.