Barclays PLC Raises BCE Inc. (BCE) Price Target to C$65.00
BCE Inc. (TSE:BCE) (NYSE:BCE) had its target price upped by equities research analysts at Barclays PLC from C$64.00 to C$65.00 in a research report issued on Friday. Barclays PLC’s price objective would indicate a potential upside of 7.30% from the company’s current price.
Several other equities analysts have also recently commented on the stock. Scotiabank lowered their price objective on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Thursday, July 27th. TD Securities lowered their price objective on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research report on Monday, September 25th. J P Morgan Chase & Co lowered their price objective on shares of BCE from C$66.00 to C$65.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. National Bank Financial upped their price objective on shares of BCE from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of BCE from C$61.00 to C$62.00 and gave the stock a “sector perform” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$62.62.
Shares of BCE (TSE:BCE) traded up C$0.11 during mid-day trading on Friday, hitting C$60.58. 956,628 shares of the company traded hands, compared to its average volume of 1,160,000. BCE has a 1-year low of C$56.80 and a 1-year high of C$63.00.
BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings data on Thursday, August 3rd. The company reported C$0.88 earnings per share for the quarter, topping the consensus estimate of C$0.87 by C$0.01. BCE had a net margin of 14.23% and a return on equity of 20.64%. The business had revenue of C$5.70 billion during the quarter, compared to analysts’ expectations of C$5.62 billion.
In other BCE news, insider Blaik Kirby sold 6,498 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total transaction of C$385,331.40. Also, Director Katherine M. Lee acquired 2,000 shares of the stock in a transaction on Friday, August 18th. The shares were acquired at an average price of C$58.91 per share, for a total transaction of C$117,820.00.
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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