Baader Bank Analysts Give Ceconomy (CEC1) a €6.00 Price Target

Baader Bank set a €6.00 ($6.98) price objective on Ceconomy (ETR:CEC1) in a report released on Monday. The firm currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the company. HSBC set a €10.00 ($11.63) price objective on Ceconomy and gave the company a buy rating in a research note on Friday, August 17th. equinet set a €8.00 ($9.30) price objective on Ceconomy and gave the company a neutral rating in a research note on Wednesday, September 19th. JPMorgan Chase & Co. set a €9.00 ($10.47) price objective on Ceconomy and gave the company a neutral rating in a research note on Wednesday, September 19th. Kepler Capital Markets set a €6.80 ($7.91) price objective on Ceconomy and gave the company a neutral rating in a research note on Thursday, August 23rd. Finally, Goldman Sachs Group set a €7.70 ($8.95) price objective on Ceconomy and gave the company a neutral rating in a research note on Tuesday, August 21st. Four research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of Hold and an average target price of €5.29 ($6.15).

Shares of ETR:CEC1 opened at €6.14 ($7.14) 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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