In a report released yesterday, Stephanie Price from CIBC maintained a Hold rating on BCE, with a price target of C$37.00. The company’s shares closed yesterday at $23.65.
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Price covers the Technology sector, focusing on stocks such as Open Text, CGI, and Constellation Software. According to TipRanks, Price has an average return of 9.3% and a 57.26% success rate on recommended stocks.
In addition to CIBC, BCE also received a Hold from Canaccord Genuity’s Aravinda Galappatthige in a report issued yesterday. However, on the same day, Bank of America Securities reiterated a Sell rating on BCE (NYSE: BCE).
BCE market cap is currently $22.08B and has a P/E ratio of 80.50.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BCE in relation to earlier this year.
Read More on BCE:
Disclaimer & DisclosureReport an Issue
- TD upgrades BCE to Buy on more confidence in outlook
- BCE Inc. Hold Rating: Balancing Growth Prospects and Operational Challenges
- BCE upgraded to Outperform from Sector Perform at RBC Capital
- BCE upgraded to Buy from Hold at TD Securities
- BCE’s Strategic Shifts and Financial Projections: A Balanced Hold Rating Amid Growth and Challenges
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