JPMorgan Chase & Co. Reiterates €4.00 Price Target for Ceconomy (CEC1)

JPMorgan Chase & Co. set a €4.00 ($4.65) price objective on Ceconomy (ETR:CEC1) in a research note issued to investors on Thursday. The brokerage currently has a sell rating on the stock.

CEC1 has been the subject of a number of other research reports. Baader Bank set a €6.00 ($6.98) price objective on Ceconomy and gave the company a neutral rating in a research note on Monday, October 15th. Kepler Capital Markets set a €6.30 ($7.33) price objective on Ceconomy and gave the company a neutral rating in a research note on Wednesday, October 10th. Morgan Stanley set a €4.60 ($5.35) price objective on Ceconomy and gave the company a neutral rating in a research note on Friday, October 19th. equinet set a €8.00 ($9.30) price objective on Ceconomy and gave the company a neutral rating in a research note on Wednesday, September 19th. Finally, Independent Research set a €7.00 ($8.14) price objective on Ceconomy and gave the company a neutral rating in a research note on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of €5.03 ($5.85).

Shares of Ceconomy stock opened at €5.50 ($6.40) on Thursday. Ceconomy has a 52 week low of €8.88 ($10.33) and a 52 week high of €29.50 ($34.30).



Ceconomy 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 (ETR:CEC1)

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