Royal Bank of Canada (RY:TSE) and Bank of Nova Scotia (BNS: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 98.340000 111.5556 CAD 9
BNS Bank of Nova Scotia 2018 77.720000 91.3000 CAD 10
CNR Canadian National Railway Co 2018 95.240000 109.1000 CAD 10
ENB Enbridge Inc 2018 40.180000 57.1818 CAD 11
BMO Bank of Montreal 2018 97.030000 110.2222 CAD 9
CM Canadian Imperial Bank of Commerce 2018 112.890000 134.8889 CAD 9
TRP TransCanada Corp 2018 53.580000 70.5556 CAD 9
CP Canadian Pacific Railway Ltd 2018 225.400000 254.3636 CAD 11
L Loblaw Companies Ltd 2018 64.610000 78.2857 CAD 7
DOL Dollarama Inc 2018 153.490000 166.4000 CAD 10
IFC Intact Financial Corp 2018 96.920000 110.1250 CAD 12
WN George Weston Ltd 2018 103.920000 123.2500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 169.890000 194.4444 CAD 9
SNC SNC-Lavalin Group Inc 2018 54.540000 70.2500 CAD 10
LNR Linamar Corp 2018 72.140000 85.0000 CAD 6
CCA Cogeco Communications Inc 2018 72.120000 90.4444 CAD 9
MAXR Maxar Technologies Ltd 2018 58.070000 84.6175 CAD 10
BYD.UN Boyd Group Income Fund 2018 108.150000 120.6000 CAD 10
MRC Morguard Corp 2018 177.040000 205.0000 CAD 2
LAS.A Lassonde Industries Inc 2018 255.810000 277.5000 CAD 2
APH Aphria Inc 2019 10.900000 27.1071 CAD 7
CGO Cogeco Inc 2018 70.110000 91.0000 CAD 2
EIF Exchange Income Corp 2018 30.760000 44.2500 CAD 10
EQB Equitable Group Inc 2018 55.930000 72.0000 CAD 8
SEA Seabridge Gold Inc 2018 13.560000 29.0000 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.

RY:TSE Royal Bank of Canada
Royal Bank of Canada has 78648 employees and is headquartered in Canada.
Royal Bank of Canada is one of the largest Canadian banks. It provides diversified financial services, personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services worldwide.

BNS:TSE Bank of Nova Scotia
Bank of Nova Scotia has 89755 employees and is headquartered in Canada.
Bank of Nova Scotia is an international bank and a financial service provider. The company provides personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets services.

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