Bank of Montreal (BMO:TSE) and CGI Group (GIB.A:TSE) Are Undervalued

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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.

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 2017 50.850000 64.8000 CAD 10
BMO Bank of Montreal 2018 93.000000 103.5000 CAD 10
CM Canadian Imperial Bank of Commerce 2018 106.970000 120.3000 CAD 10
CP Canadian Pacific Railway Ltd 2017 195.010000 226.2593 CAD 13
L Loblaw Companies Ltd 2017 67.980000 81.6250 CAD 8
GIB.A CGI Group Inc 2018 62.700000 74.8667 CAD 15
CCL.A CCL Industries Inc 2017 59.010000 71.5714 CAD 7
CCL.B CCL Industries Inc 2017 56.270000 71.5714 CAD 7
WN George Weston Ltd 2017 108.120000 131.7500 CAD 4
DOL Dollarama Inc 2017 119.410000 137.9000 CAD 10
CTC.A Canadian Tire Corp Ltd 2017 149.890000 177.8889 CAD 9
SNC SNC-Lavalin Group Inc 2017 52.740000 68.3333 CAD 9
TOU Tourmaline Oil Corp 2017 24.920000 37.8333 CAD 12
VII Seven Generations Energy Ltd 2017 17.850000 28.0769 CAD 13
VET Vermilion Energy Inc 2017 39.830000 52.1250 CAD 12
PEY Peyto Exploration & Development Corp 2017 20.250000 30.7500 CAD 15
MDA MacDonald Dettwiler and Associates Ltd 2017 69.150000 84.1000 CAD 10
MRC Morguard Corp 2017 176.990000 210.0000 CAD 2
BYD.UN Boyd Group Income Fund 2017 94.000000 109.6000 CAD 10
LAS.A Lassonde Industries Inc 2017 235.500000 250.0000 CAD 1
TXG Torex Gold Resources Inc 2017 20.190000 34.6111 CAD 9
ENGH Enghouse Systems Ltd 2018 51.540000 64.7500 CAD 4
EIF Exchange Income Corp 2017 29.660000 42.6000 CAD 10
IDG Indigo Books & Music Inc 2018 16.000000 26.5000 CAD 2
GSY goeasy Ltd 2017 27.950000 41.0000 CAD 5

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.

BMO:TSE Bank of Montreal

https://www.bmo.com
Bank of Montreal has 45234 employees and is headquartered in Canada.
Bank of Montreal provides diversified financial services primarily in North America. The company offers broad range of personal and commercial banking, wealth management and investment banking products and services.

GIB.A:TSE CGI Group

http://www.cgi.com
CGI Group has 70000 employees and is headquartered in Canada.
CGI Group Inc manages information technology services. The Company’s services include the management of IT and business functions, systems integration and consulting as well as the sale of software solutions.

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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.