Ceconomy (ETR:CEC1) has been assigned a €6.30 ($7.33) price target by stock analysts at Kepler Capital Markets in a research report issued on Wednesday, October 10th. The brokerage currently has a “neutral” rating on the stock. Kepler Capital Markets’ price target would suggest a potential upside of 11.31% from the company’s previous close.
A number of other research analysts have also issued reports on CEC1. equinet set a €5.00 ($5.81) price target on Ceconomy and gave the stock a “neutral” rating in a research report on Wednesday, October 10th. Baader Bank set a €9.00 ($10.47) price objective on Ceconomy and gave the company a “buy” rating in a report on Tuesday, September 25th. JPMorgan Chase & Co. set a €9.00 ($10.47) price objective on Ceconomy and gave the company a “neutral” rating in a report on Friday, October 5th. Warburg Research set a €7.40 ($8.60) price objective on Ceconomy and gave the company a “neutral” rating in a report on Wednesday, August 15th. Finally, Independent Research set a €7.00 ($8.14) price objective on Ceconomy and gave the company a “neutral” rating in a report on Wednesday, August 15th. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Ceconomy currently has an average rating of “Hold” and a consensus price target of €5.05 ($5.87).
Shares of CEC1 stock opened at €5.66 ($6.58) on Wednesday. Ceconomy has a 1 year low of €8.88 ($10.33) and a 1 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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