Bank of Nova Scotia (BNS:TSE) and George Weston (WN: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
BNS Bank of Nova Scotia 2018 75.980000 88.7273 CAD 11
ENB Enbridge Inc 2018 42.690000 54.6000 CAD 10
CM Canadian Imperial Bank of Commerce 2018 115.200000 131.5000 CAD 10
CNQ Canadian Natural Resources Ltd 2018 41.990000 55.4667 CAD 15
TRP TransCanada Corp 2018 54.530000 68.3333 CAD 9
L Loblaw Companies Ltd 2018 65.780000 78.1250 CAD 8
DOL Dollarama Inc 2018 151.710000 170.2000 CAD 10
WN George Weston Ltd 2018 103.920000 122.2500 CAD 4
IFC Intact Financial Corp 2018 95.100000 108.6250 CAD 12
CTC.A Canadian Tire Corp Ltd 2018 173.080000 191.5556 CAD 9
SNC SNC-Lavalin Group Inc 2018 59.610000 70.6818 CAD 11
WFT West Fraser Timber Co.Ltd 2018 86.130000 102.0000 CAD 6
IAG Industrial Alliance Insurance and Financial Services Inc 2018 52.500000 63.6667 CAD 9
LNR Linamar Corp 2018 63.730000 85.6667 CAD 6
PBH Premium Brands Holdings Corp 2018 113.840000 133.2222 CAD 9
MAXR Maxar Technologies Ltd 2018 67.650000 84.1798 CAD 9
AC Air Canada 2018 23.180000 33.4545 CAD 11
CCA Cogeco Communications Inc 2019 67.640000 83.7778 CAD 9
FIH.U Fairfax India Holdings Corp 2018 17.500000 28.2205 CAD 2
APH Aphria Inc 2019 11.540000 24.7083 CAD 6
MRC Morguard Corp 2018 168.520000 205.0000 CAD 2
CGO Cogeco Inc 2019 62.740000 86.5000 CAD 2
EQB Equitable Group Inc 2018 58.180000 69.6250 CAD 8
SEA Seabridge Gold Inc 2018 14.390000 29.0000 CAD 1
ONC Oncolytics Biotech Inc 2018 8.110000 22.2500 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.

BNS:TSE Bank of Nova Scotia
Bank of Nova Scotia has 89809 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.

WN:TSE George Weston
George Weston has 198000 employees and is headquartered in Canada.
George Weston Limited is in food and drug retail business through its control of Loblaw Companies Ltd which provides with pharmacy, health, apparel, general merchandise, banking, credit card services; and Weston Foods offering fresh and frozen products.

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