Ceconomy (CEC1) Given a €4.20 Price Target by HSBC Analysts

HSBC set a €4.20 ($4.88) price objective on Ceconomy (ETR:CEC1) in a research note published on Monday morning. The brokerage currently has a sell rating on the stock.

A number of other brokerages have also recently commented on CEC1. Commerzbank set a €7.50 ($8.72) price objective on shares of Ceconomy and gave the stock a sell rating in a research note on Thursday, July 26th. Goldman Sachs Group set a €9.40 ($10.93) price objective on shares of Ceconomy and gave the stock a neutral rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. set a €9.00 ($10.47) price objective on shares of Ceconomy and gave the stock a neutral rating in a research note on Tuesday, August 14th. Baader Bank set a €10.00 ($11.63) price objective on shares of Ceconomy and gave the stock a buy rating in a research note on Tuesday, August 14th. Finally, equinet set a €8.00 ($9.30) price objective on shares of Ceconomy and gave the stock a neutral rating in a research note on Wednesday, September 19th. Four investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of Hold and an average target price of €5.29 ($6.15).

Shares of ETR CEC1 opened at €6.06 ($7.05) on Monday. Ceconomy has a 12 month low of €8.88 ($10.33) and a 12 month high of €29.50 ($34.30).

Ceconomy Company Profile

Ceconomy AG engages in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE!, a music streaming service that comprise songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New!, a purchasing service for consumer electronics, which allow customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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