Independent Research set a €4.50 ($5.23) price objective on Ceconomy (ETR:CEC1) in a research note published on Monday. The firm currently has a sell rating on the stock.

Other research analysts have also issued research reports about the stock. Goldman Sachs Group set a €9.40 ($10.93) price target on shares of Ceconomy and gave the stock a neutral rating in a report on Tuesday, August 14th. Baader Bank set a €10.00 ($11.63) price target on shares of Ceconomy and gave the stock a buy rating in a report on Tuesday, August 14th. Commerzbank set a €7.50 ($8.72) price target on shares of Ceconomy and gave the stock a sell rating in a report on Thursday, July 26th. JPMorgan Chase & Co. set a €4.00 ($4.65) price target on shares of Ceconomy and gave the stock a sell rating in a report on Thursday, October 11th. Finally, Kepler Capital Markets set a €6.80 ($7.91) price target on shares of Ceconomy and gave the stock a neutral rating in a report on Thursday, August 23rd. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of Hold and an average target price of €5.29 ($6.15).

Ceconomy stock opened at €5.80 ($6.74) on Monday. Ceconomy has a 52-week low of €8.88 ($10.33) and a 52-week 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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