Ceconomy AG Preference Shares (ETR:CEC1) received a €6.80 ($7.91) price target from investment analysts at Independent Research in a research note issued to investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price target would suggest a potential downside of 1.73% from the stock’s current price.

CEC1 has been the topic of several other research reports. Goldman Sachs Group set a €9.40 ($10.93) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a research note on Tuesday, August 14th. Baader Bank set a €10.00 ($11.63) price target on Ceconomy AG Preference Shares and gave the company a “buy” rating in a research note on Tuesday, August 14th. Commerzbank set a €7.50 ($8.72) price target on Ceconomy AG Preference Shares and gave the company a “sell” rating in a research note on Thursday, July 26th. Kepler Capital Markets set a €6.80 ($7.91) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a research note on Thursday, August 23rd. Finally, Morgan Stanley set a €7.00 ($8.14) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Ceconomy AG Preference Shares currently has an average rating of “Hold” and an average price target of €7.62 ($8.86).

ETR CEC1 opened at €6.92 ($8.05) on Tuesday. Ceconomy AG Preference Shares has a fifty-two week low of €8.88 ($10.33) and a fifty-two week 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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Analyst Recommendations for Ceconomy AG Preference Shares (ETR:CEC1)

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