Ceconomy AG Preference Shares (CEC1) Given a €7.50 Price Target at Commerzbank

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Ceconomy AG Preference Shares (ETR:CEC1) received a €7.50 ($8.72) target price from research analysts at Commerzbank in a research report issued on Thursday, July 26th. The firm currently has a “sell” rating on the stock. Commerzbank’s target price indicates a potential upside of 0.54% from the stock’s previous close.

Ceconomy AG Preference Shares traded down €3.49 ($4.06), reaching €7.46 ($8.67), during midday trading on Thursday, Marketbeat reports. 840 shares of the company were exchanged, compared to its average volume of 1,597. Ceconomy AG Preference Shares has a 1 year low of €8.88 ($10.33) and a 1 year high of €29.50 ($34.30).

Ceconomy AG Preference Shares 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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