Ceconomy (ETR:CEC1) has been given a €5.40 ($6.28) target price by equities research analysts at Independent Research in a research note issued on Friday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 20.54% from the stock’s current price.
Other equities analysts have also issued research reports about the company. HSBC set a €5.80 ($6.74) target price on Ceconomy and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Bank of America set a €6.40 ($7.44) target price on Ceconomy and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Goldman Sachs Group set a €5.70 ($6.63) target price on Ceconomy and gave the stock a “neutral” rating in a research report on Monday, August 19th. Commerzbank set a €6.50 ($7.56) target price on Ceconomy and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. set a €4.50 ($5.23) target price on Ceconomy and gave the stock a “sell” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of €5.45 ($6.34).
Shares of ETR:CEC1 opened at €4.48 ($5.21) on Friday. Ceconomy has a fifty-two week low of €3.23 ($3.76) and a fifty-two week high of €6.20 ($7.21). The business has a 50-day simple moving average of €4.88 and a two-hundred day simple moving average of €4.98. The company has a debt-to-equity ratio of 58.33, a quick ratio of 0.45 and a current ratio of 0.94. The firm has a market cap of $12.00 million and a price-to-earnings ratio of 29.28.
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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