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BCE (BCE) Stock Forecast & Price Target

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$23.16 +0.05 (+0.22%)
(As of 12/20/2024 05:31 PM ET)

BCE - Analysts' Recommendations and Stock Price Forecast (2025)

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
1
Hold
9
Buy
2

Based on 12 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 12 analysts, 1 has given a sell rating, 9 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for BCE.

Consensus Price Target

$45.00
94.30% Upside
According to the 12 analysts' twelve-month price targets for BCE, the average price target is $45.00. The highest price target for BCE is $54.00, while the lowest price target for BCE is $30.00. The average price target represents a forecasted upside of 94.30% from the current price of $23.16.
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BCE Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$45.00$45.00$46.67$55.00
Forecasted Upside94.30% Upside68.57% Upside33.18% Upside41.84% Upside
Consensus Rating
Hold
Hold
Moderate Buy
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

TypeBCEUtilities CompaniesS&P 500
Consensus Rating Score
2.17
2.53
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside94.30% Upside28.88% Upside14.53% Upside
News Sentiment Rating
Neutral News

See Recent BCE News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/16/2024Morgan Stanley
3 of 5 stars
 Initiated CoverageUnderweight
11/11/2024Barclays
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$34.00 ➝ $30.00+5.37%
11/5/2024Canaccord Genuity Group
1 of 5 stars
 Reiterated RatingBuy ➝ Hold
11/5/2024Edward Jones
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 DowngradeBuy ➝ Hold
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 TargetMarket Perform ➝ Market Perform$48.00 ➝ $51.00+44.35%
8/2/2024Cibc World Mkts
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S. Price
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UpgradeHold ➝ Strong-Buy
4/23/2024CIBC
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 UpgradeNeutral ➝ Sector Outperform
3/4/2024Argus
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 DowngradeBuy ➝ Hold
2/9/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$58.00 ➝ $54.00+43.88%
2/2/2024TD Securities
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 DowngradeBuy ➝ Hold
4/10/2023Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:41 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, December 13, 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. recently increased its quarterly dividend to $0.737 per share, up from $0.73, which reflects a commitment to returning value to shareholders. This translates to an annualized dividend of $2.95, offering a yield of 10.90%, which is attractive for income-focused investors.
  • The stock has shown resilience with a 12-month high of $41.77, indicating potential for capital appreciation. Currently, the stock price is around $31.13, which is below its moving averages, suggesting it may be undervalued and could present a buying opportunity.
  • Institutional interest in BCE Inc. is strong, with 41.46% of the stock owned by institutional investors. This can be a positive indicator, as institutional investors often conduct thorough research before making significant investments.
  • BCE Inc. operates in the essential communications sector, providing wireless, wireline, Internet, and television services, which are fundamental to both residential and business customers. This stability can provide a buffer against economic downturns.
  • Analysts have a generally positive outlook, with an average price target of $45.00, suggesting potential upside from the current price. This indicates that many analysts believe the stock is likely to appreciate in value over time.

BCE
Bear Case

red Wall Street bear icon

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

  • The dividend payout ratio is extremely high at 4,214.29%, which raises concerns about sustainability. A payout ratio this high means that the company is paying out significantly more in dividends than it earns, which could lead to future cuts if earnings do not improve.
  • Recent analyst downgrades, including cuts from "strong-buy" to "hold," indicate a lack of confidence in the stock's short-term performance. This could suggest that analysts expect challenges ahead for BCE Inc.
  • Barclays recently lowered its target price for BCE Inc. from $34.00 to $30.00, reflecting a more cautious outlook on the stock's performance. Such revisions can impact investor sentiment negatively.
  • With a 12-month low of $26.45, the stock has experienced significant volatility, which may deter risk-averse investors. This fluctuation can be a sign of underlying issues within the company or the market.
  • Increased competition in the telecommunications sector could pressure BCE Inc.'s market share and profitability, as rivals may offer better pricing or services, impacting future growth prospects.

BCE Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for BCE is $45.00, with a high forecast of $54.00 and a low forecast of $30.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BCE in the last twelve months. There is currently 1 sell rating, 9 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street 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 94.30% based on their 12-month stock forecasts.

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

BCE has been rated by research analysts at Barclays, Canaccord Genuity Group, Canaccord Genuity Group, Edward Jones, Morgan Stanley, and National Bank Financial in the past 90 days.

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


This page (NYSE:BCE) was last updated on 12/21/2024 by MarketBeat.com Staff
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