BCE (TSE:BCE) Price Target Raised to C$40.50

Key Points

• Desjardins has raised BCE's price target from C$40.00 to C$40.50, suggesting a potential upside of 20.86% from the stock's previous close.
• BCE currently has a consensus rating of "Hold" from analysts, with a range of recommendations including two "buy" ratings and two "strong buy" ratings.
• The company's stock has seen a 2.6% increase, trading at C$33.51, with a market capitalization of C$30.35 billion.

BCE (TSE:BCE - Get Free Report) NYSE: BCE had its price objective upped by research analysts at Desjardins from C$40.00 to C$40.50 in a research report issued to clients and investors on Sunday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' target price suggests a potential upside of 20.86% from the stock's previous close. Desjardins also issued estimates for BCE's Q2 2025 earnings at $0.67 EPS, FY2027 earnings at $2.80 EPS and FY2027 earnings at $2.79 EPS.

Several other equities research analysts have also issued reports on BCE. UBS Group decreased their target price on BCE from C$34.00 to C$32.00 in a research report on Wednesday, May 21st. CIBC decreased their target price on BCE from C$52.00 to C$33.00 and set a "neutral" rating for the company in a research report on Thursday, July 3rd. Scotiabank raised BCE from a "hold" rating to a "strong-buy" rating and set a C$39.00 target price for the company in a research report on Monday, June 2nd. TD Securities raised their target price on BCE from C$33.00 to C$35.00 and gave the company a "hold" rating in a research report on Friday. Finally, National Bankshares set a C$35.00 target price on BCE and gave the company an "outperform" rating in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, BCE currently has a consensus rating of "Hold" and an average price target of C$34.42.

BCE Stock Up 2.6%

TSE BCE traded up C$0.85 on Friday, reaching C$33.51. The company had a trading volume of 4,557,885 shares, compared to its average volume of 3,828,642. The stock has a market capitalization of C$30.35 billion, a P/E ratio of 112.42, a P/E/G ratio of 4.67 and a beta of 0.48. The company's fifty day moving average is C$31.54 and its 200 day moving average is C$31.90. BCE has a 52-week low of C$28.73 and a 52-week high of C$49.13. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 226.73.

About BCE

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.

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