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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 |
|---|---|---|---|---|---|---|
| H | Hydro One Ltd | 2019 | 20.460000 | 20.3333 | CAD | 12 |
| CU | Canadian Utilities Ltd | 2019 | 36.050000 | 35.7500 | CAD | 8 |
| CU.X | Canadian Utilities Ltd | 2019 | 36.300000 | 35.7500 | CAD | 8 |
| CTC | Canadian Tire Corp Ltd | 2019 | 235.250000 | 176.7778 | CAD | 9 |
| CAR.UN | Canadian Apartment Properties Real Estate Investment Trust | 2019 | 51.570000 | 51.4583 | CAD | 12 |
| AQN | Algonquin Power & Utilities Corp | 2019 | 15.050000 | 14.7187 | CAD | 10 |
| CRON | Cronos Group Inc | 2019 | 30.000000 | 20.5000 | CAD | 4 |
| CHP.UN | Choice Properties Real Estate Investment Trust | 2019 | 13.640000 | 13.5938 | CAD | 8 |
| RNW | TransAlta Renewables Inc | 2019 | 12.770000 | 12.7000 | CAD | 10 |
| CPX | Capital Power Corp | 2019 | 30.830000 | 30.8182 | CAD | 11 |
| GRT.UN | Granite Real Estate Investment Trust | 2019 | 63.280000 | 61.2500 | CAD | 8 |
| LIF | Labrador Iron Ore Royalty Corp | 2019 | 31.940000 | 30.0000 | CAD | 1 |
| SUM | Solium Capital Inc | 2019 | 19.110000 | 18.4438 | CAD | 8 |
| VNR | Valener Inc | 2019 | 23.400000 | 22.4167 | CAD | 6 |
| SII | Sprott Inc | 2019 | 2.940000 | 2.5625 | CAD | 4 |
| AW.UN | A&W Revenue Royalties Income Fund | 2019 | 38.890000 | 38.0000 | CAD | 1 |
| MKP | MCAN Mortgage Corp | 2019 | 14.740000 | 12.0000 | CAD | 1 |
| DHX | DHX Media Ltd | 2020 | 2.410000 | 2.2950 | CAD | 10 |
| BTB.UN | BTB Real Estate Investment Trust | 2019 | 4.660000 | 4.4167 | CAD | 3 |
| III | Imperial Metals Corp | 2019 | 2.050000 | 1.7125 | CAD | 4 |
| PNC.A | Postmedia Network Canada Corp | 2019 | 2.620000 | 0.2000 | CAD | 1 |
| PNC.B | Postmedia Network Canada Corp | 2019 | 2.450000 | 0.2000 | CAD | 1 |
| TGO | TeraGo Inc | 2019 | 10.640000 | 9.6667 | CAD | 3 |
| SRV.UN | SIR Royalty Income Fund | 2019 | 15.840000 | 14.7500 | 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.
H:TSE Hydro One
http://www.hydroone.com
Hydro One has 7300 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.
CU:TSE Canadian Utilities
http://www.canadianutilities.com
Canadian Utilities has 4919 employees and is headquartered in Canada.
Canadian Utilities Ltd is engaged transmission and distribution of electricity and natural gas. The company is also involved in power generation and sales, natural gas gathering, processing, storage and liquids extraction.
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.