Ceconomy (ETR:CEC1) PT Set at €7.50 by HSBC

HSBC set a €7.50 ($8.72) price objective on Ceconomy (ETR:CEC1) in a report issued on Thursday, September 20th. The brokerage currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Baader Bank set a €10.00 ($11.63) price target on Ceconomy and gave the company a buy rating in a research note on Wednesday, September 19th. equinet set a €8.00 ($9.30) price target on Ceconomy and gave the company a neutral rating in a research note on Wednesday, September 19th. JPMorgan Chase & Co. set a €9.00 ($10.47) price target on Ceconomy and gave the company a neutral rating in a research note on Wednesday, September 19th. Goldman Sachs Group set a €9.40 ($10.93) price target on Ceconomy and gave the company a neutral rating in a research note on Tuesday, August 14th. Finally, Kepler Capital Markets set a €6.80 ($7.91) price target on Ceconomy and gave the company a neutral rating in a research note on Thursday, August 23rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €6.56 ($7.63).

CEC1 stock traded up €0.40 ($0.47) during midday trading on Thursday, reaching €5.50 ($6.40). The company had a trading volume of 12,122 shares, compared to its average volume of 1,597. Ceconomy has a 1-year low of €8.88 ($10.33) and a 1-year high of €29.50 ($34.30).

Ceconomy Company Profile

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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