Enbridge (ENB:TSE) and TransCanada (TRP: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 2018 49.340000 59.8182 CAD 11
CNR Canadian National Railway Co 2018 103.080000 114.8605 CAD 12
TRP TransCanada Corp 2018 62.990000 73.1111 CAD 9
CM Canadian Imperial Bank of Commerce 2018 119.650000 130.2222 CAD 9
CP Canadian Pacific Railway Ltd 2018 231.730000 243.6139 CAD 12
L Loblaw Companies Ltd 2018 68.190000 81.8750 CAD 8
WN George Weston Ltd 2018 110.770000 125.7500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 164.180000 184.7778 CAD 9
CCL.B CCL Industries Inc 2018 59.150000 68.7143 CAD 7
CCL.A CCL Industries Inc 2018 60.180000 68.7143 CAD 7
SNC SNC-Lavalin Group Inc 2018 56.380000 69.2727 CAD 11
TOU Tourmaline Oil Corp 2018 21.880000 33.2273 CAD 11
VET Vermilion Energy Inc 2018 42.100000 51.2083 CAD 12
LNR Linamar Corp 2018 67.780000 82.6667 CAD 6
X TMX Group Ltd 2018 68.570000 78.1667 CAD 6
PKI Parkland Fuel Corp 2018 25.650000 34.3333 CAD 6
PEY Peyto Exploration & Development Corp 2018 14.060000 25.6333 CAD 15
POU Paramount Resources Ltd 2018 18.230000 28.9643 CAD 14
MRC Morguard Corp 2018 189.980000 210.0000 CAD 2
LAS.A Lassonde Industries Inc 2018 252.000000 272.5000 CAD 2
ATZ Aritzia Inc 2019 12.580000 21.3333 CAD 6
EIF Exchange Income Corp 2018 36.450000 45.0714 CAD 7
TXG Torex Gold Resources Inc 2018 12.620000 23.9167 CAD 9
AFN Ag Growth International Inc 2018 53.370000 63.3750 CAD 8
SEA Seabridge Gold Inc 2018 12.920000 24.5000 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 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.

TRP:TSE TransCanada

TransCanada has 7165 employees and is headquartered in Canada.
TransCanada Corp is an energy infrastructure company. Its business segments include, Natural Gas Pipelines, Liquid Pipelines and Energy. The company has pipeline and power generation assets in Canada, the US, and Mexico.

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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.