Goldman Sachs Group Analysts Give Ceconomy (ETR:CEC1) a €6.60 Price Target

Goldman Sachs Group set a €6.60 ($7.67) price target on Ceconomy (ETR:CEC1) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on the stock. HSBC set a €5.80 ($6.74) target price on shares of Ceconomy and gave the company a neutral rating in a research report on Wednesday, July 3rd. Barclays set a €5.50 ($6.40) price target on shares of Ceconomy and gave the company a neutral rating in a report on Wednesday, May 22nd. Kepler Capital Markets set a €6.20 ($7.21) price target on shares of Ceconomy and gave the company a neutral rating in a report on Wednesday, May 22nd. Independent Research set a €6.10 ($7.09) price target on shares of Ceconomy and gave the company a neutral rating in a report on Monday, July 8th. Finally, Baader Bank set a €6.00 ($6.98) price target on shares of Ceconomy and gave the company a neutral rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Ceconomy currently has an average rating of Hold and an average target price of €5.28 ($6.14).

Shares of ETR:CEC1 opened at €4.78 ($5.56) on Tuesday. The firm has a 50 day moving average of €5.09 and a 200-day moving average of €4.93. The stock has a market capitalization of $12.80 million and a PE ratio of -14.06. The company has a current ratio of 0.96, a quick ratio of 0.52 and a debt-to-equity ratio of 55.21. Ceconomy has a 12 month low of €3.23 ($3.76) and a 12 month high of €7.48 ($8.70).

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.

Further Reading: How a Put Option Works

Analyst Recommendations for Ceconomy (ETR:CEC1)

Receive News & Ratings for Ceconomy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceconomy and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit