Desjardins Raises BCE Inc. (TSE:BCE) Price Target to C$66.00

BCE Inc. (TSE:BCE) (NYSE:BCE) had its target price raised by Desjardins from C$65.00 to C$66.00 in a research report released on Friday, November 3rd.

Several other analysts have also recently commented on the stock. Scotiabank decreased their price target on shares of BCE from C$61.00 to C$60.00 and set a sector perform rating on the stock in a research note on Thursday, July 27th. TD Securities reduced their price target on shares of BCE from C$59.00 to C$58.00 and set a hold rating on the stock in a research report on Monday, September 25th. National Bank Financial raised their price objective on shares of BCE from C$61.00 to C$64.00 and gave the stock an outperform rating in a report on Friday, November 3rd. Barclays PLC lifted their price target on shares of BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co decreased 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. BCE currently has an average rating of Buy and an average price target of C$62.85.

BCE (TSE BCE) opened at C$61.56 on Friday. BCE has a 52-week low of C$56.92 and a 52-week high of C$63.00.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.717 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.87 annualized dividend and a yield of 4.66%. BCE’s payout ratio is 87.77%.

In other BCE news, Director Katherine M. Lee bought 2,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of C$58.91 per share, for a total transaction of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the firm’s stock in a transaction that occurred 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.

BCE Company Profile

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.

Analyst Recommendations for BCE (TSE:BCE)

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