Barclays Analysts Give Ceconomy (CEC1) a €5.50 Price Target

Barclays set a €5.50 ($6.40) price objective on Ceconomy (ETR:CEC1) in a research note released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

CEC1 has been the subject of several other reports. Baader Bank set a €5.50 ($6.40) price objective on Ceconomy and gave the stock a neutral rating in a report on Tuesday, April 30th. Goldman Sachs Group set a €5.10 ($5.93) price objective on Ceconomy and gave the stock a neutral rating in a report on Friday, February 15th. Independent Research set a €5.30 ($6.16) price objective on Ceconomy and gave the stock a sell rating in a report on Friday, May 3rd. Kepler Capital Markets set a €3.60 ($4.19) price objective on Ceconomy and gave the stock a sell rating in a report on Tuesday, February 5th. Finally, JPMorgan Chase & Co. set a €4.50 ($5.23) price objective on Ceconomy and gave the stock a sell rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Ceconomy has an average rating of Hold and a consensus target price of €5.28 ($6.14).

Shares of ETR CEC1 opened at €5.00 ($5.81) on Wednesday. The stock has a market cap of $13.39 million and a P/E ratio of -8.00. The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.59 and a current ratio of 0.97. Ceconomy has a 12-month low of €3.23 ($3.76) and a 12-month high of €9.10 ($10.58).

About Ceconomy

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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Analyst Recommendations for Ceconomy (ETR:CEC1)

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