Baader Bank set a €6.00 ($6.98) target price on Ceconomy (ETR:CEC1) in a report released on Thursday. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on CEC1. Goldman Sachs Group set a €4.70 ($5.47) price target on Ceconomy and gave the stock a neutral rating in a research note on Monday, October 15th. JPMorgan Chase & Co. set a €4.00 ($4.65) price target on Ceconomy and gave the stock a sell rating in a research note on Thursday. equinet set a €5.00 ($5.81) price target on Ceconomy and gave the stock a neutral rating in a research note on Wednesday, October 10th. Commerzbank set a €5.00 ($5.81) price target on Ceconomy and gave the stock a neutral rating in a research note on Monday, October 22nd. Finally, Independent Research set a €4.50 ($5.23) price target on Ceconomy and gave the stock a sell rating in a research note on Monday, October 15th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of Hold and a consensus price target of €5.03 ($5.85).

ETR:CEC1 opened at €5.50 ($6.40) on Thursday. Ceconomy has a one year low of €8.88 ($10.33) and a one year high of €29.50 ($34.30).

About Ceconomy

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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