Enbridge (ENB:TSE) and Canadian Imperial Bank (CM: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
ENB Enbridge Inc 2019 43.930000 55.9231 CAD 13
SU Suncor Energy Inc 2019 38.290000 53.6000 CAD 15
CM Canadian Imperial Bank of Commerce 2020 103.510000 116.3333 CAD 9
CP Canadian Pacific Railway Ltd 2019 314.710000 342.3836 CAD 11
CNQ Canadian Natural Resources Ltd 2019 32.420000 47.4375 CAD 16
WN George Weston Ltd 2019 104.470000 115.0000 CAD 4
WEED Canopy Growth Corp 2020 44.120000 68.4286 CAD 7
TECK.B Teck Resources Ltd 2019 27.950000 41.5500 CAD 10
TECK.A Teck Resources Ltd 2019 28.000000 41.5500 CAD 10
CTC.A Canadian Tire Corp Ltd 2019 146.570000 175.8889 CAD 9
TSGI The Stars Group Inc 2019 21.940000 36.1000 CAD 5
DOO BRP Inc 2019 46.010000 57.5714 CAD 7
BYD.UN Boyd Group Income Fund 2019 170.600000 185.3636 CAD 11
WFT West Fraser Timber Co.Ltd 2019 53.810000 71.5000 CAD 6
TFII TFI International Inc 2019 42.020000 52.1818 CAD 11
VET Vermilion Energy Inc 2019 22.510000 36.3077 CAD 13
SNC SNC-Lavalin Group Inc 2019 20.850000 36.3333 CAD 9
SJ Stella-Jones Inc 2019 42.020000 52.2500 CAD 8
LNR Linamar Corp 2019 45.460000 62.5000 CAD 4
MRC Morguard Corp 2019 186.490000 205.0000 CAD 2
CGO Cogeco Inc 2020 94.400000 109.7500 CAD 2
LAS.A Lassonde Industries Inc 2019 183.250000 195.0000 CAD 1
SEA Seabridge Gold Inc 2019 18.620000 29.0000 CAD 1
AFN Ag Growth International Inc 2019 54.160000 71.0000 CAD 7
NVCN Neovasc Inc 2019 3.480000 26.8527 CAD 2

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.

ENB:TSE Enbridge

Enbridge has 12000 employees and is headquartered in Canada.
Enbridge Inc serves the oil & gas industry. Its key activity involves gathering and transportation of crude oil and natural gas.

CM:TSE Canadian Imperial Bank

Canadian Imperial Bank has 44797 employees and is headquartered in Canada.
Canadian Imperial Bank of Commerce is a Canadian-based financial institution. The company serves its clients through retail and business banking, wealth management and wholesale banking.

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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.