Ceconomy (ETR:CEC1) has been assigned a €3.60 ($4.19) price target by research analysts at Kepler Capital Markets in a note issued to investors on Tuesday, February 5th. The firm currently has a “sell” rating on the stock. Kepler Capital Markets’ target price points to a potential downside of 25.93% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Baader Bank set a €9.00 ($10.47) price objective on shares of Ceconomy and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Goldman Sachs Group set a €7.40 ($8.60) price objective on shares of Ceconomy and gave the stock a “neutral” rating in a research note on Tuesday, October 9th. equinet set a €5.00 ($5.81) target price on shares of Ceconomy and gave the stock a “neutral” rating in a research report on Wednesday, October 10th. Commerzbank set a €5.00 ($5.81) target price on shares of Ceconomy and gave the stock a “neutral” rating in a research report on Monday, October 22nd. Finally, Morgan Stanley set a €4.60 ($5.35) target price on shares of Ceconomy and gave the stock a “neutral” rating in a research report on Friday, October 19th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Ceconomy has an average rating of “Hold” and a consensus price target of €4.08 ($4.74).
ETR CEC1 traded up €0.06 ($0.07) during trading on Tuesday, reaching €4.86 ($5.65). The company’s stock had a trading volume of 1,946 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 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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