Canadian Natural Res (CNQ:TSE) and Canopy Growth (WEED: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
SU Suncor Energy Inc 2019 41.750000 55.4667 CAD 15
CM Canadian Imperial Bank of Commerce 2019 105.100000 116.3333 CAD 9
CP Canadian Pacific Railway Ltd 2019 317.310000 328.7835 CAD 12
CNQ Canadian Natural Resources Ltd 2019 36.350000 48.7500 CAD 16
WEED Canopy Growth Corp 2020 53.280000 73.0000 CAD 7
TECK.B Teck Resources Ltd 2019 29.810000 43.2000 CAD 10
TECK.A Teck Resources Ltd 2019 29.850000 43.2000 CAD 10
WN George Weston Ltd 2019 100.140000 115.5000 CAD 4
CTC.A Canadian Tire Corp Ltd 2019 143.000000 175.8889 CAD 9
TSGI The Stars Group Inc 2019 21.970000 36.1000 CAD 5
X TMX Group Ltd 2019 91.460000 104.0000 CAD 7
SNC SNC-Lavalin Group Inc 2019 27.000000 40.3000 CAD 10
TOU Tourmaline Oil Corp 2019 16.800000 28.5000 CAD 13
DOO BRP Inc 2019 47.200000 57.5714 CAD 7
VET Vermilion Energy Inc 2019 28.440000 42.1250 CAD 12
WFT West Fraser Timber Co.Ltd 2019 60.640000 76.6667 CAD 6
TFII TFI International Inc 2019 40.140000 52.4545 CAD 11
BYD.UN Boyd Group Income Fund 2019 168.320000 182.1818 CAD 11
LNR Linamar Corp 2019 47.660000 65.7500 CAD 4
MRC Morguard Corp 2019 192.000000 205.0000 CAD 2
CGO Cogeco Inc 2020 83.290000 105.0000 CAD 2
SCL Shawcor Ltd 2019 17.980000 28.0625 CAD 8
EQB Equitable Group Inc 2019 72.350000 85.0000 CAD 7
CJT Cargojet Inc 2019 85.000000 98.1250 CAD 8
AFN Ag Growth International Inc 2019 56.000000 72.6250 CAD 8

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.

CNQ:TSE Canadian Natural Res
Canadian Natural Res has 9709 employees and is headquartered in Canada.
Canadian Natural Resources Ltd is an oil and natural gas producers in Western Canada. Its portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas.

WEED:TSE Canopy Growth
Canopy Growth has 3200 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, and Mettrum.

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