Canopy Growth (WEED:TSE) and Canadian Tire Corp (CTC: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
WEED Canopy Growth Corp 2020 64.420000 58.5000 CAD 4
CTC Canadian Tire Corp Ltd 2019 230.200000 188.2222 CAD 9
ACB Aurora Cannabis Inc 2019 9.300000 8.8750 CAD 4
AQN Algonquin Power & Utilities Corp 2019 14.510000 14.4004 CAD 10
CRON Cronos Group Inc 2019 25.750000 20.5000 CAD 4
LIF Labrador Iron Ore Royalty Corp 2019 30.340000 30.0000 CAD 1
LB Laurentian Bank of Canada 2019 44.170000 43.7778 CAD 9
MTY MTY Food Group Inc 2019 70.530000 65.4000 CAD 5
FN First National Financial Corp 2019 28.810000 28.0000 CAD 5
LGO Largo Resources Ltd 2019 2.870000 2.5000 CAD 1
SMU.UN Summit Industrial Income REIT 2019 10.260000 10.0938 CAD 8
AW.UN A&W Revenue Royalties Income Fund 2019 36.150000 36.0000 CAD 1
PGF Pengrowth Energy Corp 2019 0.770000 0.7500 CAD 11
DHX DHX Media Ltd 2019 2.500000 2.4400 CAD 10
MKP MCAN Mortgage Corp 2019 14.130000 12.0000 CAD 1
ZCL ZCL Composites Inc 2019 9.920000 8.8333 CAD 3
BTB.UN BTB Real Estate Investment Trust 2019 4.670000 4.4167 CAD 3
III Imperial Metals Corp 2019 1.780000 1.2500 CAD 3
TGO TeraGo Inc 2019 10.760000 9.3333 CAD 3
SRV.UN SIR Royalty Income Fund 2019 15.410000 14.7500 CAD 1
PNC.B Postmedia Network Canada Corp 2019 0.810000 0.2000 CAD 1
PNC.A Postmedia Network Canada Corp 2019 1.000000 0.2000 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.

WEED:TSE Canopy Growth

http://www.canopygrowth.com
Canopy Growth has 2000 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.

CTC:TSE Canadian Tire Corp

http://www.canadiantire.ca
Canadian Tire Corp has 29710 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.

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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.