Ceconomy (CEC1) PT Set at €5.50 by Baader Bank
Baader Bank set a €5.50 ($6.40) target price on Ceconomy (ETR:CEC1) in a report issued on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also commented on CEC1. Goldman Sachs Group set a €4.70 ($5.47) price target on Ceconomy and gave the stock a neutral rating in a report on Wednesday, December 19th. JPMorgan Chase & Co. set a €4.00 ($4.65) price target on Ceconomy and gave the stock a sell rating in a report on Monday, December 31st. HSBC set a €3.30 ($3.84) price target on Ceconomy and gave the stock a neutral rating in a report on Thursday, December 20th. Warburg Research set a €3.30 ($3.84) price target on Ceconomy and gave the stock a neutral rating in a report on Tuesday, January 1st. Finally, Kepler Capital Markets set a €3.60 ($4.19) price target on Ceconomy and gave the stock a sell rating in a report on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Ceconomy currently has an average rating of Hold and an average price target of €4.41 ($5.13).
Ceconomy stock opened at €5.10 ($5.93) on Monday. Ceconomy has a one year low of €3.23 ($3.76) and a one year high of €8.68 ($10.09). The company has a debt-to-equity ratio of 37.66, a current ratio of 0.97 and a quick ratio of 0.59. The firm has a market capitalization of $13.66 million and a PE ratio of -8.16.
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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