BCE PT Raised to C$45.00 at CIBC (BCE)
Equities researchers at CIBC increased their price objective on shares of BCE (TSE:BCE) from C$44.00 to C$45.00 in a research report issued on Friday, StockRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. CIBC’s target price would indicate a potential downside of 2.81% from the company’s current price.
Separately, analysts at TD Securities raised their price target on shares of BCE from C$46.00 to C$48.00 in a research note to investors on Tuesday, January 14th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$46.82.
BCE (TSE:BCE) traded up 0.60% on Friday, hitting $46.58. 943,041 shares of the company’s stock traded hands. BCE has a one year low of $40.58 and a one year high of $48.90. The stock’s 50-day moving average is $46.06 and its 200-day moving average is $44.85. The company has a market cap of $36.141 billion and a price-to-earnings ratio of 15.48.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Shareholders of record on Friday, March 14th will be given a dividend of 0.6175 per share. This represents a $2.47 dividend on an annualized basis and a yield of 5.33%.
BCE Inc is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs.
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