Ceconomy (CEC1) Given a €4.40 Price Target by HSBC Analysts
Ceconomy (ETR:CEC1) has been assigned a €4.40 ($5.12) price target by HSBC in a research report issued to clients and investors on Monday. The brokerage presently has a “neutral” rating on the stock.
CEC1 has been the topic of several other reports. Warburg Research set a €3.30 ($3.84) target price on Ceconomy and gave the company a “neutral” rating in a report on Thursday, December 20th. Independent Research set a €2.80 ($3.26) target price on Ceconomy and gave the company a “sell” rating in a report on Wednesday, December 26th. Morgan Stanley set a €4.60 ($5.35) target price on Ceconomy and gave the company a “neutral” rating in a report on Friday, October 19th. JPMorgan Chase & Co. set a €4.00 ($4.65) target price on Ceconomy and gave the company a “sell” rating in a report on Monday, December 31st. Finally, Goldman Sachs Group set a €4.70 ($5.47) target price on Ceconomy and gave the company a “neutral” rating in a report on Friday, October 26th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Ceconomy presently has a consensus rating of “Hold” and an average price target of €3.85 ($4.48).
ETR CEC1 opened at €4.40 ($5.12) on Monday. Ceconomy has a fifty-two week low of €8.88 ($10.33) and a fifty-two week high of €29.50 ($34.30).
Ceconomy AG engages in the consumer electronics retail business. It operates multi-channel consumer electronics stores; and Juke, a music streaming service. The company also operates iBood, a live shopping portal; and Flip4New, an online service for selling used electronic devices online. In addition, it offers professional assistance, including installation, networking, and troubleshooting of electronic appliances under the Deutsche Technikberatung brand; and services for advertisers to develop online campaigns.
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