Barclays set a €2.60 ($3.06) price objective on Ceconomy AG (CEC1.F) (ETR:CEC1) in a research report released on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. set a €5.00 ($5.88) target price on Ceconomy AG (CEC1.F) and gave the company a sell rating in a research report on Thursday, August 13th. Baader Bank set a €4.70 ($5.53) price target on shares of Ceconomy AG (CEC1.F) and gave the company a buy rating in a report on Tuesday, October 13th. Kepler Capital Markets set a €3.50 ($4.12) price objective on shares of Ceconomy AG (CEC1.F) and gave the company a neutral rating in a research note on Friday, August 14th. Finally, Independent Research set a €4.60 ($5.41) target price on shares of Ceconomy AG (CEC1.F) and gave the stock a neutral rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Ceconomy AG (CEC1.F) currently has an average rating of Hold and an average target price of €3.50 ($4.12).
Shares of CEC1 opened at €4.64 ($5.46) on Friday. The company has a debt-to-equity ratio of 553.94, a quick ratio of 0.53 and a current ratio of 0.91. Ceconomy AG has a 52-week low of €2.16 ($2.54) and a 52-week high of €5.30 ($6.24). The firm has a market cap of $12.43 million and a price-to-earnings ratio of -12.41. The business’s fifty day moving average is €4.41 and its 200-day moving average is €3.66.
About Ceconomy AG (CEC1.F)
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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