Analyst Ratings Coverage
Bank of America Merrill Lynch (Rank#19) issues a research report on BCE Inc. today, Tuesday July 4th, and has assigned BCE Inc. with a “Hold” rating, and a 12 month target forecast of $70 CAD per share. As of the current date, the stock is trading at CAD 65.03, showing a 7.66% increase.
STA Research (Rank #45) also maintained their “Hold” rating, on BCE’s stock. The 12 month target price forecast set by STA Research is $65 CAD, which aligns closely with the current trading price of CAD 65.03, indicating a relatively stable expectation.
Last week, National Bank Financial (Rank #18) lowered its 12 month target forecast to $62 from $63, and maintained their “Sector Perform” rating.
BCE Stock Forecast & Analysis
Based on the forecast of 13 analysts, the average target price for BCE Inc (BCE:CA) over the next 12 months is CAD 65.03. This target price represents the average projection of these analysts regarding the future value of BCE Inc’s stock.
BCE Inc has also received an average consensus analyst rating of a “Buy”. This rating suggests that, on average, analysts have a positive outlook on the stock and recommend buying shares of BCE Inc.
Stock Target Advisor’s analytical research on BCE Inc, suggests the stock has a slightly bearish outlook. This analysis is based on 6 positive signals and 8 negative signals identified by their methodology. It indicates that there are some factors that may suggest a more cautious stance on the stock.
As of the last closing, BCE Inc’s stock price stood at CAD 60.40. This represents the value at which the stock was traded at the end of the most recent trading day.
In terms of recent price performance, BCE Inc’s stock price has changed by +2.53% over the past week, indicating a positive movement in the short term. However, over the past month, the stock price has decreased by -1.60%, showing a slight decline. Looking at the longer term, the stock price has decreased by -4.54% over the last year.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
