BCE (BCE) Stock Forecast & Price Target

$27.24 +0.41 (+1.53%)

(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

Hold

Based on 11 Analyst Ratings

Sell
0

Hold
9

Buy
2

Based on 11 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 11 analysts, 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
65.23% Upside

According to the 11 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 65.23% from the current price of $27.24.

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BCE Analyst Ratings Over Time

Type	Current 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	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)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	9 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$45.00	$46.33	$45.33	$55.00
Forecasted Upside	65.23% Upside	38.14% Upside	30.96% Upside	39.29% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

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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.

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.

BCE Stock vs. The Competition

Type	BCE	Utilities Companies	S&P 500
Consensus Rating Score	2.27	2.50	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	65.23% Upside	22.24% Upside	9.44% Upside
News Sentiment Rating	Neutral News See Recent BCE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Barclays 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$34.00 ➝ $30.00	+5.37%
11/5/2024	Canaccord Genuity Group 1 of 5 stars		Reiterated Rating	Buy ➝ Hold
11/5/2024	Edward Jones 3 of 5 stars		Downgrade	Buy ➝ Hold
9/30/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Shine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$48.00 ➝ $51.00	+44.35%
8/2/2024	Cibc World Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Price Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
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4/23/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Sector Outperform
3/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$58.00 ➝ $54.00	+43.88%
2/2/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/10/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Sector Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:29 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 Monday, November 4, 2024. Please send any questions or comments about these BCE pros and cons to contact@marketbeat.com.

BCE
Bull Case

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

BCE Inc. reported earnings per share of $0.78 for the last quarter, surpassing the consensus estimate by $0.19. This indicates strong financial performance and potential growth.
The company has a dividend payout ratio of 204.86%, offering investors a high dividend yield of 8.75%. This can be attractive for income-focused investors.
Recent institutional investments in BCE Inc. by various hedge funds and investors suggest confidence in the company's future prospects, which can be a positive signal for potential investors.
BCE Inc. has a diverse range of services including wireless, wireline, Internet, and TV services, providing a stable revenue stream from different segments of the communication industry.
With a market capitalization of $30.39 billion, BCE Inc. is a well-established company in the communications sector, offering stability and potential for long-term growth.

BCE
Bear Case

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

The stock price of BCE Inc. has been trading down, showing a decrease of 0.6% recently. This downward trend may raise concerns about short-term performance.
BCE Inc.'s debt-to-equity ratio of 2.00 indicates a relatively high level of debt, which can pose risks during economic downturns or interest rate fluctuations.
The company's PEG ratio of 5.86 suggests that the stock may be overvalued based on its expected earnings growth, potentially limiting upside potential for investors.
While BCE Inc. has a solid return on equity of 17.10%, the net margin of 8.39% may be considered low compared to industry peers, signaling potential profitability challenges.
Analysts predict that BCE Inc. will post earnings per share of 2.20 for the current fiscal year, which, if not met, could lead to market disappointment and impact the stock price negatively.

BCE Forecast - Frequently Asked Questions

: According to the research reports of 11 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.
: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BCE in the last year. There are currently 9 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 65.23% 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, BMO Capital Markets, Canaccord Genuity Group, Canaccord Genuity Group, Edward Jones, and National Bank Financial in the past 90 days.
: Analysts like BCE less than other "utilities" companies. The consensus rating score for BCE is 2.27 while the average consensus rating score for "utilities" companies is 2.50. Learn more on how BCE compares to other companies.

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

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BCE (BCE) Stock Forecast & Price Target