Ceconomy (ETR:CEC1) received a €6.00 ($6.98) price target from investment analysts at Baader Bank in a report issued on Thursday, October 25th. The firm presently has a “neutral” rating on the stock. Baader Bank’s target price would indicate a potential upside of 10.70% from the stock’s previous close.
A number of other equities analysts have also issued reports on the company. HSBC set a €10.00 ($11.63) target price on Ceconomy and gave the company a “buy” rating in a research report on Friday, August 17th. Kepler Capital Markets set a €6.30 ($7.33) target price on Ceconomy and gave the company a “neutral” rating in a research report on Wednesday, October 10th. Commerzbank reaffirmed a “sell” rating on shares of Ceconomy in a research report on Tuesday, October 9th. Goldman Sachs Group set a €7.70 ($8.95) target price on Ceconomy and gave the company a “neutral” rating in a research report on Wednesday, September 19th. Finally, Independent Research set a €6.80 ($7.91) price target on Ceconomy and gave the company a “neutral” rating in a report on Tuesday, September 25th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of €5.03 ($5.85).
CEC1 traded up €0.12 ($0.14) during midday trading on Thursday, hitting €5.42 ($6.30). The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 1,597. Ceconomy has a 52-week low of €8.88 ($10.33) and a 52-week 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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