Enbridge (ENB:TSE) and Canadian Natural Res (CNQ: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 98.580000 110.8889 CAD 9
BNS Bank of Nova Scotia 2018 80.030000 91.1000 CAD 10
ENB Enbridge Inc 2018 40.530000 54.6364 CAD 11
CNQ Canadian Natural Resources Ltd 2018 44.570000 55.4667 CAD 15
CM Canadian Imperial Bank of Commerce 2018 114.870000 132.7778 CAD 9
TRP TransCanada Corp 2018 54.020000 68.3333 CAD 9
CP Canadian Pacific Railway Ltd 2018 241.440000 256.5942 CAD 13
L Loblaw Companies Ltd 2018 65.970000 78.1250 CAD 8
DOL Dollarama Inc 2018 150.910000 166.4000 CAD 10
IFC Intact Financial Corp 2018 96.990000 108.7083 CAD 12
WN George Weston Ltd 2018 104.280000 122.2500 CAD 4
CTC.A Canadian Tire Corp Ltd 2018 166.170000 191.5556 CAD 9
SNC SNC-Lavalin Group Inc 2018 55.100000 70.8500 CAD 10
LNR Linamar Corp 2018 67.430000 85.6667 CAD 6
PBH Premium Brands Holdings Corp 2018 116.580000 133.2222 CAD 9
MAXR Maxar Technologies Ltd 2018 63.400000 83.6525 CAD 9
CCA Cogeco Communications Inc 2019 71.180000 83.7778 CAD 9
APH Aphria Inc 2019 11.900000 24.9643 CAD 7
MRC Morguard Corp 2018 174.520000 205.0000 CAD 2
CGO Cogeco Inc 2019 65.740000 86.5000 CAD 2
EQB Equitable Group Inc 2018 58.140000 69.6250 CAD 8
SEA Seabridge Gold Inc 2018 15.050000 29.0000 CAD 1
CJT.A Cargojet Inc 2018 62.280000 73.1667 CAD 6
KBL K-Bro Linen Inc 2018 35.010000 47.3333 CAD 6
ONC Oncolytics Biotech Inc 2018 10.130000 22.4063 CAD 4

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 12700 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.

CNQ:TSE Canadian Natural Res

Canadian Natural Res has 9973 employees and is headquartered in Canada.
Canadian Natural Resources Ltd is an oil and natural gas producers in Western Canada. Its portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas.

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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.