Building-Products Distributor QXO Prepares to Nominate Directors Over Beacon Deal
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
QXO's Acquisition Efforts: QXO, a new player in building-products distribution, is actively pursuing the acquisition of Beacon Roofing Supply with a cash offer of $124.25 per share.
Beacon's Response: Despite the offer being submitted on November 11, Beacon has reportedly refused to engage substantially with QXO regarding the proposal.
Analyst Views on BCE
Wall Street analysts forecast BCE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BCE is 26.09 USD with a low forecast of 21.00 USD and a high forecast of 30.23 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
4 Hold
2 Sell
Moderate Buy
Current: 24.710
Low
21.00
Averages
26.09
High
30.23
Current: 24.710
Low
21.00
Averages
26.09
High
30.23
About BCE
BCE Inc. is a Canada-based communications company. The Company provides advanced Bell broadband Internet, wireless, television (TV), media and business communications services. The Company operates through two segments: Bell Communication and Technology Services (Bell CTS) and Bell Media. The Bell CTS segment includes providing a range of communication products and services to consumers, businesses and government customers across Canada; wireless products and services; wireline products and services, and its wholesale business. Its brands include Bell, Bell MTS, Bell Aliant, Virgin Plus, Fibe, Lucky Mobile and Northwestel. The Bell Media segment is a media and entertainment company with a portfolio of assets in video, audio and OOH advertising, and digital media, monetized through traditional and digital platforms. The Company also serves customers in the United States Pacific Northwest through Ziply Fiber.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
