Analyst Overvalued Stocks on the TSE April 2025

April 16, 2025

Analyst Overvalued

Companies on this list are considered overvalued based on the analyst consensus. This means that the average analyst target price is less than the close price.

Toronto Stock Exchange

The Toronto Stock Exchange (TSE) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization.

About the Data

This table includes the close price and analyst target price mean from most recent available data. The fiscal year indicates the year for the analyst target price, as the target may not always be for the current year. The number of estimates indicates the number of analyst targets used to calculate the target price mean.

How do you use this table?

Analysts believe that the companies on this list will see the close price drop to their target price mean by the target year indicated. Companies with a large analyst following or large difference between close price and target price are particularly interesting to investigate further. This becomes a starting point for further analysis to understand why these companies are overvalued. Stocks in this category are generally sold to preserve capital.

For an in-depth look at the fundamentals and valuation of each company, try the stockcalc platform free for 30 days.

SymbolNameClose PriceTarget Price MeanTarget YearNumber of EstimatesCurrency
L Loblaw Companies Ltd 210.62 204.86 2025 7 CAD
FTS Fortis Inc 66.14 65.64 2025 7 CAD
H Hydro One Ltd 49.76 46.36 2025 7 CAD
MRU Metro Inc 100.88 99.14 2025 7 CAD
EMA Emera Inc 59.61 58.86 2025 7 CAD
LUG Lundin Gold Inc 53.87 45.72 2025 9 CAD
ALA AltaGas Ltd 39.59 39.29 2025 7 CAD
CTC Canadian Tire Corp Ltd 218.50 167.00 2025 7 CAD
OLA Orla Mining Ltd 15.65 14.61 2025 7 CAD
INE Innergex Renewable Energy Inc 13.50 12.96 2025 6 CAD
All data provided as at market close April 15, 2025.

Company Details

Loblaw Companies Ltd

L:TSX

Close Price

210.62

Target Price Mean

204.86

Target Year

2025

Target Price # Estimates

7

Loblaw is Canada's largest retailer, operating approximately 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands.

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Fortis Inc

FTS:TSX

Close Price

66.14

Target Price Mean

65.64

Target Year

2025

Target Price # Estimates

7

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.

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Hydro One Ltd

H:TSX

Close Price

49.76

Target Price Mean

46.36

Target Year

2025

Target Price # Estimates

7

Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.

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Metro Inc

MRU:TSX

Close Price

100.88

Target Price Mean

99.14

Target Year

2025

Target Price # Estimates

7

Metro is the third-largest grocery retailer in Canada (behind Loblaws and Sobeys) and also owns the top pharmacy chain in Quebec, Jean Coutu, following the 2018 acquisition. Its grocery banners include supermarket chain Metro, discounters Super C and Food Basics, and ethnic food grocer Adonis, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.

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Emera Inc

EMA:TSX

Close Price

59.61

Target Price Mean

58.86

Target Year

2025

Target Price # Estimates

7

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.

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Lundin Gold Inc

LUG:TSX

Close Price

53.87

Target Price Mean

45.72

Target Year

2025

Target Price # Estimates

9

Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador.

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AltaGas Ltd

ALA:TSX

Close Price

39.59

Target Price Mean

39.29

Target Year

2025

Target Price # Estimates

7

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities, and Corporate/other. Midstream business consists of export facilities and locates processing, fractionation, and logistics infrastructure, as well as hydrocarbon storage in North America that connects North American producers from wellhead to offshore export and domestic markets.

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Canadian Tire Corp Ltd

CTC:TSX

Close Price

218.50

Target Price Mean

167.00

Target Year

2025

Target Price # Estimates

7

Canadian Tire is a leading general merchandise retailer with over 1,400 affiliated stores across Canada. The company operates about 650 stores, with the remaining operated by franchisees or third-party dealers. The retailer boasts a wide array of owned and affiliated banners that include its iconic namesake brand, Mark's, Sport Chek, Sports Experts, PartSource, Party City, and Helly Hansen.

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Orla Mining Ltd

OLA:TSX

Close Price

15.65

Target Price Mean

14.61

Target Year

2025

Target Price # Estimates

7

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds three gold projects; the Camino Rojo gold and silver project in Zacatecas State, Musselwhite gold mine project located in Ontario and the South Railroad projects in Nevada, USA, and the Cerro Quema gold project in Panama. It conducts business activities in Mexico, Panama, the United States, and Canada.

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Innergex Renewable Energy Inc

INE:TSX

Close Price

13.50

Target Price Mean

12.96

Target Year

2025

Target Price # Estimates

6

Innergex Renewable Energy Inc is an independent Canadian renewable power producer. It develops, acquires, owns, and operates hydroelectric, wind, and solar facilities in Canada, the United States, France, and Chile. The company operates into three segments:; hydroelectric power generation; wind power generation; and solar power generation. It derives maximum revenue from Hydroelectric segment.

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Loblaw Cos and Fortis are among the most overvalued TSE stocks this month. See the most overvalued companies on the blog: https://www.stockcalc.com/Blog/analyst-overvalued-stocks-tse-april-2025
Loblaw Cos $L and Fortis $FTS on the #TSE among the most overvalued this month. See the full list of overvalued companies: https://www.stockcalc.com/Blog/analyst-overvalued-stocks-tse-april-2025
Loblaw Cos and Fortis are among the most overvalued TSE stocks this month. See the most overvalued companies on the blog: https://www.stockcalc.com/Blog/analyst-overvalued-stocks-tse-april-2025

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