Bank of Nova Scotia (BNS:TSE) and Loblaw Cos (L: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 2019 75.190000 85.6111 CAD 9
ENB Enbridge Inc 2019 44.940000 55.8000 CAD 10
CM Canadian Imperial Bank of Commerce 2019 122.360000 133.6667 CAD 9
CNQ Canadian Natural Resources Ltd 2019 43.970000 58.6667 CAD 15
TRP TransCanada Corp 2019 55.540000 69.0000 CAD 9
L Loblaw Companies Ltd 2019 66.240000 79.6250 CAD 8
TECK.A Teck Resources Ltd 2019 29.310000 44.9722 CAD 9
TECK.B Teck Resources Ltd 2019 29.350000 44.9722 CAD 9
WN George Weston Ltd 2019 99.870000 123.5000 CAD 4
CTC.A Canadian Tire Corp Ltd 2019 161.180000 191.4444 CAD 9
SNC SNC-Lavalin Group Inc 2019 51.900000 71.4091 CAD 11
TSGI The Stars Group Inc 2019 33.990000 54.0000 CAD 5
WFT West Fraser Timber Co.Ltd 2019 85.440000 106.1667 CAD 6
VET Vermilion Energy Inc 2019 40.600000 57.1364 CAD 11
LNR Linamar Corp 2019 56.010000 79.8333 CAD 6
PBH Premium Brands Holdings Corp 2019 96.260000 127.6000 CAD 10
CCA Cogeco Communications Inc 2019 63.760000 82.5556 CAD 9
MAXR Maxar Technologies Ltd 2019 38.750000 80.1248 CAD 10
MRC Morguard Corp 2019 170.000000 205.0000 CAD 2
LAS.A Lassonde Industries Inc 2019 239.000000 277.5000 CAD 2
EIF Exchange Income Corp 2019 31.740000 44.0000 CAD 11
CGO Cogeco Inc 2019 60.910000 87.5000 CAD 2
SEA Seabridge Gold Inc 2019 14.400000 28.0000 CAD 1
TRIL Trillium Therapeutics Inc 2019 7.950000 19.7140 CAD 1
ONC Oncolytics Biotech Inc 2019 5.150000 22.1875 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.

L:TSE Loblaw Cos
Loblaw Cos has 198000 employees and is headquartered in Canada.
Loblaw Companies Ltd is a retailer of food products that also provides drugstore, general merchandise and financial products and services. The company operates corporate-owned stores as well as franchised stores.

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