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BCE (BCE) Stock Forecast & Price Target

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C$38.16 +0.35 (+0.93%)
(As of 11/18/2024 ET)

BCE - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
9
Buy
1

Based on 10 Wall Street analysts who have issued ratings for BCE in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 9 have given a hold rating, and 1 has given a buy rating for BCE.

Consensus Price Target

C$45.36
18.88% Upside
According to the 10 analysts' twelve-month price targets for BCE, the average price target is C$45.36. The highest price target for BCE is C$52.00, while the lowest price target for BCE is C$37.50. The average price target represents a forecasted upside of 18.88% from the current price of C$38.16.
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BCE Analyst Ratings Over Time

TypeCurrent Forecast
11/20/23 to 11/19/24
1 Month Ago
10/21/23 to 10/20/24
3 Months Ago
8/22/23 to 8/21/24
1 Year Ago
11/20/22 to 11/20/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$45.36C$50.36C$50.33C$58.23
Forecasted Upside18.88% Upside8.75% Upside6.98% Upside7.46% Upside
Consensus Rating
Hold
Hold
Hold
Hold

BCE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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BCE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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BCE Stock vs. The Competition

TypeBCECommunication Services Companies
Consensus Rating Score
2.10
2.68
Consensus RatingHoldModerate Buy
News Sentiment Rating
Neutral News

See Recent BCE News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/11/2024Barclays
3 of 5 stars
 Lower TargetC$46.00 ➝ C$41.00+4.97%
11/11/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetC$47.00 ➝ C$45.00+13.95%
11/11/2024TD Securities
4 of 5 stars
 Lower TargetC$43.00 ➝ C$39.00-1.24%
11/8/2024Canaccord Genuity Group
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A. Galappatthige
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Lower TargetC$41.00 ➝ C$37.50-5.49%
11/8/2024JPMorgan Chase & Co.
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 Lower TargetC$47.00 ➝ C$41.00+3.33%
11/5/2024National Bankshares
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 Lower TargetC$48.00 ➝ C$42.00+3.14%
11/5/2024Scotiabank
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 Lower TargetC$50.50 ➝ C$47.50+16.65%
9/30/2024National Bank Financial
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A. Shine
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DowngradeStrong-Buy ➝ Hold
9/19/2024BMO Capital Markets
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 Boost TargetC$48.00 ➝ C$51.00+6.61%
8/2/2024Desjardins
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 Boost TargetHoldC$48.00 ➝ C$51.00+7.89%
8/2/2024Cormark
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 Lower TargetC$53.00 ➝ C$52.00+10.01%
4/23/2024CIBC
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 UpgradeNeutral ➝ Outperform
10/10/2023UBS Group
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 Lower TargetC$65.00 ➝ C$55.00+6.47%
12/15/2022Morgan Stanley
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 Boost TargetEqual WeightC$68.00+11.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:13 AM ET.


Should I Buy BCE Stock? BCE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these BCE pros and cons to contact@marketbeat.com.

BCE
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in BCE Inc.:

  • BCE Inc. stock price is currently at C$47.73, potentially offering a good entry point for investors looking to buy at a lower price.
  • BCE Inc. has a consistent dividend payout history, providing investors with a reliable income stream.
  • Positive analyst ratings and price target increases indicate confidence in BCE Inc.'s future performance.
  • BCE Inc. has a strong market position in the telecommunications industry, offering stability and potential for growth.
  • Recent quarterly earnings results show BCE Inc.'s ability to generate revenue and maintain profitability.

BCE
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in BCE Inc. for these reasons:

  • National Bank Financial recently downgraded BCE Inc.'s stock rating, indicating potential concerns about future performance.
  • High debt-to-equity ratio of 197.43 may pose risks in terms of financial leverage and interest payments for BCE Inc.
  • Competition in the telecommunications sector could impact BCE Inc.'s market share and profitability.
  • Lower-than-expected quarterly earnings results may lead to short-term volatility in BCE Inc.'s stock price.
  • Market conditions and regulatory changes could affect BCE Inc.'s operations and financial performance.

BCE Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for BCE is C$45.36, with a high forecast of C$52.00 and a low forecast of C$37.50.

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There are currently 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BCE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BCE, but not buy additional shares or sell existing shares.

According to analysts, BCE's stock has a predicted upside of 18.88% based on their 12-month stock forecasts.

Over the previous 90 days, BCE's stock had 3 downgrades by analysts.

Analysts like BCE less than other "communication services" companies. The consensus rating for BCE is Hold while the average consensus rating for "communication services" companies is Moderate Buy. Learn more on how BCE compares to other companies.


This page (TSE:BCE) was last updated on 11/19/2024 by MarketBeat.com Staff
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