why BCE Inc [BCE] is a Good Choice for Investors After New Price Target of $30.72

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BCE Inc [NYSE: BCE] slipped around -0.31 points on Wednesday, while shares priced at $27.00 at the close of the session, down -1.14%.

Compared to the average trading volume of 2.50M shares, BCE reached a trading volume of 3436365 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about BCE Inc [BCE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BCE shares is $30.72 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BCE stock is a recommendation set at 2.82. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Edward Jones have made an estimate for BCE Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 05, 2024. The new note on the price target was released on November 05, 2024, representing the official price target for BCE Inc stock.

The Average True Range (ATR) for BCE Inc is set at 0.66, with the Price to Sales ratio for BCE stock in the period of the last 12 months amounting to 1.91. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 1.52. Price to Free Cash Flow for BCE in the course of the last twelve months was 13.44 with Quick ratio for the last quarter at 0.55.

How has BCE stock performed recently?

BCE Inc [BCE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.77. With this latest performance, BCE shares dropped by -18.97% in over the last four-week period, additionally sinking by -20.94% over the last 6 months – not to mention a drop of -31.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BCE stock in for the last two-week period is set at 18.69, with the RSI for the last a single of trading hit 19.11, and the three-weeks RSI is set at 20.73 for BCE Inc [BCE]. The present Moving Average for the last 50 days of trading for this stock 32.27, while it was recorded at 27.04 for the last single week of trading, and 33.74 for the last 200 days.

BCE Inc [BCE]: Deeper insight into the fundamentals

BCE Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.55 and a Current Ratio set at 0.57.

Earnings analysis for BCE Inc [BCE]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BCE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BCE Inc go to -6.56%.

Insider trade positions for BCE Inc [BCE]

There are presently around $43.19%, or 43.20%% of BCE stock, in the hands of institutional investors. The top three institutional holders of BCE stocks are: ROYAL BANK OF CANADA with ownership of 49.97 million shares, which is approximately 5.4778%. BANK OF MONTREAL /CAN/, holding 37.53 million shares of the stock with an approximate value of $$1.24 billion in BCE stocks shares; and BANK OF MONTREAL /CAN/, currently with $$741.58 million in BCE stock with ownership which is approximately 2.5112%.