Ceconomy AG (ETR:CEC1) has received an average recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is €5.34 ($6.21).
CEC1 has been the subject of several analyst reports. Goldman Sachs Group set a €5.70 ($6.63) target price on Ceconomy and gave the company a “neutral” rating in a report on Monday, August 19th. Kepler Capital Markets set a €6.20 ($7.21) target price on Ceconomy and gave the company a “neutral” rating in a report on Wednesday, May 22nd. HSBC set a €5.80 ($6.74) target price on Ceconomy and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Independent Research set a €5.60 ($6.51) target price on Ceconomy and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. set a €4.50 ($5.23) target price on Ceconomy and gave the company a “sell” rating in a report on Tuesday, August 13th.
CEC1 stock traded up €0.10 ($0.12) during trading on Friday, hitting €5.20 ($6.05). 4,000 shares of the company traded hands, compared to its average volume of 1,597. The firm has a market capitalization of $13.39 million and a PE ratio of -15.29. Ceconomy has a 1 year low of €3.23 ($3.76) and a 1 year high of €7.48 ($8.70). The company has a 50-day moving average of €4.96 and a 200-day moving average of €4.95. The company has a debt-to-equity ratio of 55.21, a quick ratio of 0.52 and a current ratio of 0.96.
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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