Canadian Tire Corp (CTC:TSE) and Canopy Growth (WEED:TSE) Are Fully Valued

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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
CTC Canadian Tire Corp Ltd 2018 248.840000 191.5556 CAD 9
WEED Canopy Growth Corp 2019 39.700000 36.7143 CAD 7
CAR.UN Canadian Apartment Properties Real Estate Investment Trust 2018 43.490000 41.4792 CAD 12
KL Kirkland Lake Gold Ltd 2018 28.890000 27.5833 CAD 9
ENF Enbridge Income Fund Holdings Inc 2018 31.950000 31.5000 CAD 9
ACB Aurora Cannabis Inc 2019 9.360000 9.1667 CAD 3
MEG MEG Energy Corp 2018 10.860000 10.7250 CAD 10
HBC Hudson’s Bay Co 2018 12.000000 10.4167 CAD 6
FN First National Financial Corp 2018 28.210000 27.9000 CAD 5
CFX Canfor Pulp Products Inc 2018 25.380000 22.5500 CAD 5
CRON Cronos Group Inc 2018 9.120000 9.0000 CAD 5
MSI Morneau Shepell Inc 2018 27.000000 26.6500 CAD 5
SII Sprott Inc 2018 3.100000 2.9000 CAD 5
AI Atrium Mortgage Investment Corp 2018 13.000000 12.7500 CAD 2
MKP MCAN Mortgage Corp 2018 18.100000 17.0000 CAD 1
GH Gamehost Inc 2018 11.840000 11.4000 CAD 1
Y Yellow Pages Ltd 2018 10.000000 9.5000 CAD 4
CBL Callidus Capital Corp 2018 5.100000 5.0000 CAD 1
BDI Black Diamond Group Ltd 2018 3.720000 3.2364 CAD 11
SRV.UN SIR Royalty Income Fund 2018 14.910000 14.0000 CAD 1
TGO TeraGo Inc 2018 7.200000 6.5167 CAD 3
PNC.B Postmedia Network Canada Corp 2019 1.000000 0.2000 CAD 1
PNC.A Postmedia Network Canada Corp 2019 0.980000 0.2000 CAD 1
GVC Glacier Media Inc 2018 0.700000 0.6500 CAD 1
CQE Cequence Energy Ltd 2018 0.075000 0.0733 CAD 3

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.

CTC:TSE Canadian Tire Corp

http://www.canadiantire.ca
Canadian Tire Corp has 29710 employees and is headquartered in Canada.
Canadian Tire Corp Ltd operates a nationwide store network that sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories. Its stores are branded under the name Mark’s, Sport Chek, Atmosphere, and PartSource monikers.

WEED:TSE Canopy Growth

http://www.canopygrowth.com
Canopy Growth has 1033 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, Bedrocan, and Mettrum.

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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.