Ceconomy (CEC1) Given a €4.20 Price Target at HSBC

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HSBC set a €4.20 ($4.88) target price on Ceconomy (ETR:CEC1) in a research note issued to investors on Monday, October 15th. The firm currently has a sell rating on the stock.

Several other research analysts have also recently weighed in on the stock. Commerzbank set a €7.50 ($8.72) price target on shares of Ceconomy and gave the stock a sell rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. set a €9.00 ($10.47) price target on shares of Ceconomy and gave the stock a neutral rating in a report on Tuesday, August 14th. Morgan Stanley set a €7.00 ($8.14) price target on shares of Ceconomy and gave the stock a neutral rating in a report on Wednesday, August 15th. Baader Bank set a €10.00 ($11.63) target price on Ceconomy and gave the company a buy rating in a research note on Wednesday, September 19th. Finally, Independent Research set a €6.80 ($7.91) target price on Ceconomy and gave the company a neutral rating in a research note on Tuesday, September 25th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Ceconomy has a consensus rating of Hold and a consensus price target of €5.03 ($5.85).

Ceconomy stock traded up €0.12 ($0.14) during trading on Monday, hitting €5.42 ($6.30). The stock had a trading volume of 1,000 shares, compared to its average volume of 1,597. Ceconomy has a 1 year low of €8.88 ($10.33) and a 1 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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