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BCE (BCE) Stock Forecast & Price Target

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$27.17 +0.54 (+2.03%)
(As of 01:03 PM 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
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
65.62% 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 65.62% from the current price of $27.17.
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BCE Analyst Ratings Over Time

TypeCurrent Forecast
11/28/23 to 11/27/24
1 Month Ago
10/29/23 to 10/28/24
3 Months Ago
8/30/23 to 8/29/24
1 Year Ago
11/28/22 to 11/28/23
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)
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 Upside65.62% Upside41.76% Upside29.95% Upside40.18% 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
2.27
2.50
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside66.91% Upside20.98% Upside6.30% Upside
News Sentiment Rating
Neutral News

See Recent BCE News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
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
3 of 5 stars
 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 Wednesday at 01:17 PM 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 25, 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. has a strong dividend yield of 10.52%, which is attractive for income-focused investors. This yield is based on an annualized dividend of $2.95 per share, providing a steady income stream.
  • The company has seen significant institutional interest, with 41.46% of its stock owned by institutional investors. This can indicate confidence in the company's future performance and stability.
  • Recent increases in institutional holdings, such as a 60.0% increase by Brown Lisle Cummings Inc. and a 3,480.0% increase by Massmutual Trust Co. FSB ADV, suggest growing confidence in BCE Inc.'s growth potential.
  • BCE Inc. operates in the essential communications sector, providing wireless, wireline, Internet, and television services, which are critical for both residential and business customers, ensuring a stable revenue base.
  • The current stock price reflects a robust market position, making it a potentially valuable addition to an investment portfolio, especially for those looking for companies with strong fundamentals.

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 may raise concerns about the sustainability of the dividend payments in the long term.
  • While institutional investment is high, it can also lead to volatility if these investors decide to sell their positions, potentially impacting the stock price negatively.
  • Increased competition in the telecommunications sector could pressure BCE Inc.'s market share and profitability, as new entrants and existing competitors innovate and offer competitive pricing.
  • The company's reliance on traditional wireline services may pose risks as consumer preferences shift towards wireless and digital solutions, potentially affecting future growth.
  • Economic downturns or changes in regulatory environments could adversely impact BCE Inc.'s operations and financial performance, making it a riskier investment in uncertain times.

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 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 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 65.62% 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.


This page (NYSE:BCE) was last updated on 11/27/2024 by MarketBeat.com Staff
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