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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 | 62.350000 | 58.5000 | CAD | 4 |
| H | Hydro One Ltd | 2019 | 21.100000 | 20.9167 | CAD | 12 |
| CTC | Canadian Tire Corp Ltd | 2019 | 223.300000 | 188.2222 | CAD | 9 |
| ACB | Aurora Cannabis Inc | 2019 | 10.300000 | 8.8750 | CAD | 4 |
| AQN | Algonquin Power & Utilities Corp | 2019 | 14.850000 | 14.3701 | CAD | 10 |
| SRU.UN | SmartCentres Real Estate Investment Trust | 2019 | 33.750000 | 33.6667 | CAD | 6 |
| AP.UN | Allied Properties Real Estate Investment Trust | 2019 | 47.860000 | 47.4250 | CAD | 10 |
| CRON | Cronos Group Inc | 2019 | 28.390000 | 20.5000 | CAD | 4 |
| CHP.UN | Choice Properties Real Estate Investment Trust | 2019 | 13.220000 | 13.1071 | CAD | 7 |
| LIF | Labrador Iron Ore Royalty Corp | 2019 | 32.210000 | 30.0000 | CAD | 1 |
| LB | Laurentian Bank of Canada | 2019 | 44.070000 | 43.7778 | CAD | 9 |
| MTY | MTY Food Group Inc | 2019 | 68.860000 | 64.2500 | CAD | 4 |
| FN | First National Financial Corp | 2019 | 28.700000 | 28.2000 | CAD | 5 |
| IIP.UN | InterRent Real Estate Investment Trust | 2019 | 14.160000 | 13.7308 | CAD | 13 |
| SMU.UN | Summit Industrial Income REIT | 2019 | 10.640000 | 10.0938 | CAD | 8 |
| AW.UN | A&W Revenue Royalties Income Fund | 2019 | 36.590000 | 36.0000 | CAD | 1 |
| NDM | Northern Dynasty Minerals Ltd | 2019 | 1.350000 | 1.1250 | CAD | 2 |
| DHX | DHX Media Ltd | 2019 | 2.530000 | 2.4400 | CAD | 10 |
| MKP | MCAN Mortgage Corp | 2019 | 14.240000 | 12.0000 | CAD | 1 |
| ZCL | ZCL Composites Inc | 2019 | 9.940000 | 8.8333 | CAD | 3 |
| BTB.UN | BTB Real Estate Investment Trust | 2019 | 4.650000 | 4.4167 | CAD | 3 |
| TGO | TeraGo Inc | 2019 | 11.000000 | 9.3333 | CAD | 3 |
| SRV.UN | SIR Royalty Income Fund | 2019 | 15.590000 | 14.7500 | CAD | 1 |
| PNC.B | Postmedia Network Canada Corp | 2019 | 1.010000 | 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.
H:TSE Hydro One
http://www.hydroone.com
Hydro One has 7500 employees and is headquartered in Canada.
Hydro One Ltd is engaged in transmission and distribution of electricity. Its projects include Guelph Area Transmission Refurbishment, Toronto Midtown Transmission Reinforcement, Clarington Transmission Station, Northwest Bulk Transmission Line.
Free Valuation
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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.