Canadian Tire Corp (CTC:TSE) and Canopy Growth (WEED:TSE) Are Fully Valued

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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.

Fully Valued Stocks on TSE

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

In this table 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
CTC Canadian Tire Corp Ltd 2018 233.000000 184.7778 CAD 9
WEED Canopy Growth Corp 2019 36.960000 26.8571 CAD 7
ACB Aurora Cannabis Inc 2018 12.970000 10.0000 CAD 3
CWB Canadian Western Bank 2018 40.300000 39.5000 CAD 12
BEI.UN Boardwalk Real Estate Investment Trust 2018 44.860000 42.1136 CAD 11
AX.UN Artis Real Estate Investment Trust 2018 14.290000 14.0278 CAD 9
FN First National Financial Corp 2018 28.690000 26.4000 CAD 5
CJT.A Cargojet Inc 2018 62.200000 60.2500 CAD 6
CJT Cargojet Inc 2018 62.600000 60.2500 CAD 6
CMED CanniMed Therapeutics Inc 2018 32.600000 28.7500 CAD 4
CF Canaccord Genuity Group Inc 2019 6.490000 6.2500 CAD 2
SII Sprott Inc 2018 2.940000 2.4500 CAD 5
GBT BMTC Group Inc 2018 17.950000 15.5000 CAD 1
BPF.UN Boston Pizza Royalties Income Fund 2018 21.700000 20.0000 CAD 1
PBL Pollard Banknote Ltd 2018 19.000000 18.5000 CAD 2
MKP MCAN Mortgage Corp 2018 17.950000 15.5000 CAD 1
TCS Tecsys Inc 2019 18.160000 17.4583 CAD 6
Y Yellow Pages Ltd 2018 8.140000 7.7500 CAD 4
ECS eCobalt Solutions Inc 2019 1.780000 1.3000 CAD 1
SOX Stuart Olson Inc 2018 7.700000 7.2500 CAD 6
BDI Black Diamond Group Ltd 2018 2.870000 2.4273 CAD 11
PNC.B Postmedia Network Canada Corp 2018 1.450000 0.2000 CAD 1
PNC.A Postmedia Network Canada Corp 2018 1.120000 0.2000 CAD 1
SRV.UN SIR Royalty Income Fund 2018 14.660000 13.5000 CAD 1
SQP Strongco Corp 2018 2.500000 2.2500 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.

CTC:TSE Canadian Tire Corp

http://www.canadiantire.ca
Canadian Tire Corp has 29220 employees and is headquartered in Canada.
Canadian Tire Corp Ltd operates a nationwide store network that sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories. Its stores are branded under the name Mark’s, Sport Chek, Atmosphere, and PartSource monikers.

WEED:TSE Canopy Growth

http://www.canopygrowth.com
Canopy Growth has 546 employees and is headquartered in Canada.
Canopy Growth Corp through its subsidiaries is the licensed producer of medical marijuana in Canada. The company grows, produces and sells medical marijuana. It sells medical marijuana under various brand names including Tweed, Bedrocan, and Mettrum.

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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.