BCE (BCE) Stock Forecast & Price Target

C$46.01

+0.24 (+0.52%)

(As of 09:57 AM 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, and 2 have given a buy rating for BCE.

Consensus Price Target

C$51.00
11.43% Upside

According to the 11 analysts' twelve-month price targets for BCE, the average price target is C$51.00. The highest price target for BCE is C$55.00, while the lowest price target for BCE is C$47.00. The average price target represents a forecasted upside of 11.43% from the current price of C$46.01.

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BCE Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	1 Buy rating(s)
Hold	9 Hold rating(s)	7 Hold rating(s)	7 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	C$51.00	C$50.42	C$51.31	C$61.80
Forecasted Upside	11.43% Upside	3.95% Upside	16.63% Upside	19.74% Upside
Consensus Rating	Hold	Hold	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	Communication Services Companies
Consensus Rating Score	2.18	2.64
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent BCE News	Neutral 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
10/2/2024	TD Securities 4 of 5 stars		Lower Target	Hold	C$51.00 ➝ C$50.00	+7.81%
10/1/2024	National Bankshares 1 of 5 stars		Downgrade	Outperform ➝ Sector Perform	C$52.00 ➝ C$48.00	+2.35%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$48.00 ➝ C$51.00	+6.61%
9/19/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$50.00 ➝ C$52.00	+8.70%
9/19/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$51.00 ➝ C$53.00	+10.79%
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8/2/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$48.00 ➝ C$51.00	+7.89%
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$46.00 ➝ C$47.00	-0.57%
8/2/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$53.00 ➝ C$52.00	+10.01%
5/3/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$53.25 ➝ C$53.00	+15.80%
4/23/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
4/9/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$52.00 ➝ C$48.00	+6.93%
10/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$65.00 ➝ C$55.00	+6.47%
12/15/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	C$68.00	+11.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:17 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, 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.'s target price was raised to C$51.00 by BMO Capital Markets, indicating positive growth potential.
Despite missing earnings estimates by C($0.02), BCE Inc. reported a net margin of 8.75% and a return on equity of 10.63%.
BCE Inc. has a market capitalization of C$43.54 billion, reflecting its strong position in the market.
The company has a beta of 0.48, suggesting lower volatility compared to the market average.
BCE Inc.'s stock price has shown resilience, with a 1-year high of C$56.18, indicating potential for capital appreciation.

BCE
Bear Case

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

Despite positive target price revisions, BCE Inc. missed earnings estimates, which could impact investor confidence.
The company's debt-to-equity ratio of 197.43 is significantly high, indicating a heavy reliance on debt financing.
BCE Inc.'s stock has a price-to-earnings ratio of 22.20, which may suggest the stock is currently overvalued.
The company's quick ratio of 0.43 and current ratio of 0.65 raise concerns about its short-term liquidity position.
Analysts have issued a consensus rating of Hold for BCE Inc., indicating uncertainty about its future performance.

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 C$51.00, with a high forecast of C$55.00 and a low forecast of C$47.00.
: 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 and 2 buy ratings 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 10.85% based on their 12-month stock forecasts.
: Over the previous 90 days, BCE's stock had 2 downgrades by analysts.
: BCE has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, Cormark, Desjardins, JPMorgan Chase & Co., National Bank Financial, National Bankshares, Royal Bank of Canada, and TD Securities in the past 90 days.
: 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.

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This page (TSE:BCE) was last updated on 10/9/2024 by MarketBeat.com Staff

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