Goldman Sachs Group Reiterates €4.70 Price Target for Ceconomy (CEC1)
A number of other equities research analysts have also recently commented on the company. HSBC set a €10.00 ($11.63) price target on Ceconomy and gave the company a buy rating in a research note on Friday, August 17th. 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. 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 Tuesday, August 14th. Commerzbank reiterated a sell rating on shares of Ceconomy in a research note on Tuesday, October 9th. Finally, 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. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has an average rating of Hold and a consensus price target of €5.29 ($6.15).
Ceconomy stock opened at €6.16 ($7.16) on Monday. Ceconomy has a one year low of €8.88 ($10.33) and a one year high of €29.50 ($34.30).
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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