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Here i have given seven easy ways through which you can easily find you competitors facebook ads.
The 7 ways are:
1. Facebook’s “Info and Ads” Tool
2. AdEspresso’s Ads Examples
3. AdLeap Software
4. AdSwiper’s Facebook Ad Spy Tool
5. Swiped.co
6. PowerAdSpy
7. Adsova

I have tried poweradspy for myself, and it worked really great for me. By using this tool you can easily find your competitors facebook ad targeting.

The video is very clear and it explains everything in a great way. The information which you have provided here are really very helpful.

Facebook has retired its "Info and Ads" tab and has come up with a new feature called "Facebook Ad Library". Check this video to learn more

To learn more about facebook, use bigspy. This is a free social advertising monitoring tool