National Bank Financial Boosts BCE Inc. (BCE) Price Target to C$64.00

BCE Inc. (TSE:BCE) (NYSE:BCE) had its price target hoisted by National Bank Financial from C$61.00 to C$64.00 in a research note issued to investors on Thursday, November 2nd. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Desjardins lifted their target price on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. Barclays PLC boosted their target price on BCE from C$64.00 to C$65.00 in a research note on Friday, November 3rd. Citigroup Inc. upped their price target on BCE from C$65.00 to C$66.00 in a report on Friday, November 3rd. TD Securities lowered their price objective on BCE from C$59.00 to C$58.00 and set a hold rating on the stock in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co lowered their price objective on BCE from C$66.00 to C$65.00 and set an overweight rating on the stock in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. BCE currently has a consensus rating of Buy and a consensus price target of C$62.85.

BCE (TSE BCE) traded up C$0.37 during trading on Thursday, hitting C$61.17. The stock had a trading volume of 1,312,082 shares, compared to its average volume of 1,374,092. BCE has a 52 week low of C$56.80 and a 52 week high of C$63.00.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be given a dividend of $0.717 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.87 annualized dividend and a yield of 4.69%. BCE’s dividend payout ratio (DPR) is presently 87.77%.

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

About BCE

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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