Several other research firms have also recently issued reports on CEC1. Goldman Sachs Group set a €4.70 ($5.47) price target on Ceconomy and gave the stock a neutral rating in a research note on Wednesday, December 19th. JPMorgan Chase & Co. set a €4.00 ($4.65) target price on Ceconomy and gave the company a sell rating in a research note on Monday, December 31st. HSBC set a €3.30 ($3.84) target price on Ceconomy and gave the company a neutral rating in a research note on Thursday, December 20th. Warburg Research set a €3.30 ($3.84) target price on Ceconomy and gave the company a neutral rating in a research note on Tuesday, January 1st. Finally, Kepler Capital Markets set a €3.60 ($4.19) target price on Ceconomy and gave the company a sell rating in a research note on Tuesday, February 5th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has an average rating of Hold and a consensus target price of €3.74 ($4.35).
ETR:CEC1 opened at €4.64 ($5.40) on Friday. Ceconomy has a 1 year low of €8.88 ($10.33) and a 1 year high of €29.50 ($34.30).
Ceconomy AG engages in the consumer electronics retail business. It operates multi-channel consumer electronics stores; and Juke, a music streaming service. The company also operates iBood, a live shopping portal; and Flip4New, an online service for selling used electronic devices online. In addition, it offers professional assistance, including installation, networking, and troubleshooting of electronic appliances under the Deutsche Technikberatung brand; and services for advertisers to develop online campaigns.
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