Ceconomy (ETR:CEC1) Given a €5.40 Price Target by Baader Bank Analysts

Baader Bank set a €5.40 ($6.35) price target on Ceconomy (ETR:CEC1) in a research note released on Monday, Borsen Zeitung reports.

Other analysts also recently issued reports about the company. Warburg Research set a €5.00 ($5.88) target price on Ceconomy and gave the company a neutral rating in a report on Monday, June 21st. Barclays set a €4.20 ($4.94) price objective on Ceconomy and gave the company a sell rating in a research note on Wednesday, May 12th. Finally, Kepler Capital Markets set a €6.40 ($7.53) price objective on Ceconomy in a research note on Friday, July 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Ceconomy currently has a consensus rating of Hold and an average target price of €5.08 ($5.98).

Shares of ETR CEC1 opened at €5.65 ($6.65) on Monday. Ceconomy has a 1 year low of €3.50 ($4.12) and a 1 year high of €6.25 ($7.35). The company has a debt-to-equity ratio of 291.14, a current ratio of 0.87 and a quick ratio of 0.37. The stock has a market cap of $15.13 million and a P/E ratio of 13.51. The business’s 50-day simple moving average is €5.05.

Ceconomy Company Profile

Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online. In addition, the company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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