Independent Research Reiterates “€4.50” Price Target for Ceconomy (CEC1)

Independent Research set a €4.50 ($5.23) price objective on Ceconomy (ETR:CEC1) in a report released on Tuesday. The brokerage currently has a sell rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. HSBC set a €10.00 ($11.63) price objective on shares of Ceconomy and gave the stock a buy rating in a research report on Friday, August 17th. Baader Bank set a €10.00 ($11.63) price objective on shares of Ceconomy and gave the stock a buy rating in a research report on Tuesday, August 14th. JPMorgan Chase & Co. set a €9.00 ($10.47) price objective on shares of Ceconomy and gave the stock a neutral rating in a research report on Wednesday, September 19th. Kepler Capital Markets set a €6.80 ($7.91) price objective on shares of Ceconomy and gave the stock a neutral rating in a research report on Thursday, August 23rd. Finally, Goldman Sachs Group set a €7.70 ($8.95) price objective on shares of Ceconomy and gave the stock a neutral rating in a research report on Tuesday, August 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of €6.56 ($7.63).

CEC1 opened at €5.50 ($6.40) on Tuesday. Ceconomy has a twelve month low of €8.88 ($10.33) and a twelve month high of €29.50 ($34.30).

About Ceconomy

Ceconomy AG engages in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE!, a music streaming service that comprise songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New!, a purchasing service for consumer electronics, which allow customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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