Baader Bank Analysts Give Ceconomy (ETR:CEC1) a €6.00 Price Target
Baader Bank set a €6.00 ($6.98) price target on Ceconomy (ETR:CEC1) in a research report report published on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other analysts also recently issued reports about the company. Goldman Sachs Group set a €6.60 ($7.67) target price on Ceconomy and gave the company a neutral rating in a research note on Tuesday. JPMorgan Chase & Co. set a €4.50 ($5.23) price target on Ceconomy and gave the stock a sell rating in a research note on Tuesday. Independent Research set a €6.10 ($7.09) price target on Ceconomy and gave the stock a neutral rating in a research note on Monday, July 8th. Barclays set a €5.50 ($6.40) price target on Ceconomy and gave the stock a neutral rating in a research note on Wednesday, May 22nd. Finally, Kepler Capital Markets set a €6.20 ($7.21) price target on Ceconomy and gave the stock a neutral rating in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company. The stock currently has an average rating of Hold and a consensus price target of €5.28 ($6.14).
Shares of Ceconomy stock opened at €4.78 ($5.56) on Tuesday. The business has a 50-day moving average of €5.09 and a 200-day moving average of €4.93. The company has a debt-to-equity ratio of 55.21, a current ratio of 0.96 and a quick ratio of 0.52. The company has a market capitalization of $12.80 million and a PE ratio of -14.06. Ceconomy has a 1-year low of €3.23 ($3.76) and a 1-year high of €7.48 ($8.70).
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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