Ceconomy (CEC1) Given a €3.50 Price Target by Independent Research Analysts

Independent Research set a €3.50 ($4.07) price objective on Ceconomy (ETR:CEC1) in a report published on Monday morning. The brokerage currently has a sell rating on the stock.

CEC1 has been the subject of several other reports. Baader Bank set a €6.00 ($6.98) price objective on shares of Ceconomy and gave the company a neutral rating in a research report on Monday, October 15th. Goldman Sachs Group set a €4.70 ($5.47) price objective on shares of Ceconomy and gave the company a neutral rating in a research report on Friday, October 26th. JPMorgan Chase & Co. set a €4.00 ($4.65) price objective on shares of Ceconomy and gave the company a sell rating in a research report on Thursday, October 25th. Morgan Stanley set a €4.60 ($5.35) price objective on shares of Ceconomy and gave the company a neutral rating in a research report on Friday, October 19th. Finally, Kepler Capital Markets set a €3.60 ($4.19) price objective on shares of Ceconomy and gave the company a sell rating in a research report on Monday. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of €3.92 ($4.56).

Shares of Ceconomy stock opened at €4.58 ($5.33) on Monday. Ceconomy has a 52 week low of €8.88 ($10.33) and a 52 week high of €29.50 ($34.30).

Ceconomy Company Profile

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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