Kepler Capital Markets Analysts Give Ceconomy AG Preference Shares (CEC1) a €6.30 Price Target
Kepler Capital Markets set a €6.30 ($7.33) price objective on Ceconomy AG Preference Shares (ETR:CEC1) in a research note released on Tuesday. The brokerage currently has a neutral rating on the stock.
Several other analysts have also recently weighed in on the company. HSBC set a €10.00 ($11.63) price target on Ceconomy AG Preference Shares and gave the stock a buy rating in a report on Friday, August 17th. JPMorgan Chase & Co. set a €9.00 ($10.47) price target on Ceconomy AG Preference Shares and gave the stock a neutral rating in a report on Tuesday, August 14th. Commerzbank set a €7.50 ($8.72) price target on Ceconomy AG Preference Shares and gave the stock a sell rating in a report on Thursday, July 26th. Morgan Stanley set a €7.00 ($8.14) price target on Ceconomy AG Preference Shares and gave the stock a neutral rating in a report on Wednesday, August 15th. Finally, Goldman Sachs Group set a €7.70 ($8.95) price objective on Ceconomy AG Preference Shares and gave the company a neutral rating in a report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of €7.62 ($8.86).
ETR:CEC1 opened at €6.70 ($7.79) on Tuesday. Ceconomy AG Preference Shares has a 1-year low of €8.88 ($10.33) and a 1-year 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.
Further Reading: Fundamental Analysis and Individual Investors
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