BCE (BCE) Stock Forecast & Price Target

$33.71

-0.13 (-0.38%)

(As of 10/4/2024 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 9 Analyst Ratings

Sell
0

Hold
6

Buy
3

Based on 9 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 9 analysts, 6 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for BCE.

Consensus Price Target

$46.67
38.44% Upside

According to the 9 analysts' twelve-month price targets for BCE, the average price target is $46.67. The highest price target for BCE is $54.00, while the lowest price target for BCE is $35.00. The average price target represents a forecasted upside of 38.44% from the current price of $33.71.

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BCE Analyst Ratings Over Time

Type	Current Forecast 10/7/23 to 10/6/24	1 Month Ago 9/7/23 to 9/6/24	3 Months Ago 7/9/23 to 7/8/24	1 Year Ago 10/7/22 to 10/7/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$46.67	$45.33	$49.25	$53.00
Forecasted Upside	38.44% Upside	26.82% Upside	55.22% Upside	42.02% Upside
Consensus Rating	Hold	Moderate Buy	Hold	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	2.44	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	38.44% Upside	18.34% Upside	7.04% Upside
News Sentiment Rating	Positive 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
9/30/2024	National Bank Financial 5 of 5 stars	A. Shine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/19/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$48.00 ➝ $51.00	+44.35%
8/2/2024	Cibc World Mkts 0 of 5 stars	S. Price Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/23/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Sector Outperform
4/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$38.00 ➝ $35.00	+6.79%
3/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
Get the Latest News and Ratings for BCE and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for BCE and its competitors with MarketBeat's FREE daily newsletter.
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
10/23/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
4/10/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Sector Perform
11/4/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$63.00 ➝ C$64.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:36 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, September 30, 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. has a consistent track record of paying dividends, providing investors with a reliable income stream. As of today, BCE's dividend yield is 8.26%, offering attractive returns compared to other investment options.
Recent Wall Street analyst forecasts suggest potential growth opportunities for BCE Inc., indicating positive sentiment and future appreciation in stock value.
BCE Inc.'s strong financial performance, with a return on equity of 17.10% and a net margin of 8.39%, demonstrates the company's profitability and efficiency in generating earnings.
Despite a slight decrease in stock price today, BCE Inc.'s historical performance and market position make it a stable investment choice for long-term investors seeking capital preservation.
The company's diversified business segments, including wireless, wireline, Internet, and TV services, provide BCE Inc. with resilience against market fluctuations and economic downturns, reducing overall investment risk.

BCE
Bear Case

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

BCE Inc.'s current stock price has experienced a slight decline, indicating short-term volatility and potential market uncertainties that could impact investor returns.
The company's high dividend payout ratio of 200.69% raises concerns about sustainability and future dividend growth, potentially affecting investor confidence in the long-term stability of income streams.
Market analysts have mixed ratings on BCE Inc., with some suggesting a "hold" stance, indicating uncertainty about the company's future performance and growth prospects.
BCE Inc.'s debt-to-equity ratio of 2.00 may pose risks in times of economic instability or rising interest rates, potentially affecting the company's financial flexibility and overall valuation.
While BCE Inc. operates in multiple sectors, the competitive landscape in the telecommunications industry is intense, with rapid technological advancements and regulatory changes posing challenges to sustained growth and profitability.

BCE Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for BCE is $46.67, with a high forecast of $54.00 and a low forecast of $35.00.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BCE in the last year. There are currently 6 hold ratings, 2 buy ratings 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 38.44% based on their 12-month stock forecasts.
: Over the previous 90 days, BCE's stock had 1 upgrade and 1 downgrade by analysts.
: BCE has been rated by research analysts at BMO Capital Markets, Cibc World Mkts, and National Bank Financial in the past 90 days.
: Analysts like BCE less than other "utilities" companies. The consensus rating score for BCE is 2.44 while the average consensus rating score for "utilities" companies is 2.49. Learn more on how BCE compares to other companies.