Ceconomy (ETR:CEC1) Given a €6.00 Price Target by Baader Bank Analysts

Baader Bank set a €6.00 ($6.98) price objective on Ceconomy (ETR:CEC1) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on CEC1. JPMorgan Chase & Co. set a €4.50 ($5.23) price target on Ceconomy and gave the company a sell rating in a report on Tuesday. Goldman Sachs Group set a €6.60 ($7.67) price target on Ceconomy and gave the company a neutral rating in a report on Tuesday. Barclays set a €5.50 ($6.40) price target on Ceconomy and gave the company a neutral rating in a report on Wednesday, May 22nd. Kepler Capital Markets set a €6.20 ($7.21) price target on Ceconomy and gave the company a neutral rating in a report on Wednesday, May 22nd. Finally, HSBC set a €5.80 ($6.74) price target on Ceconomy and gave the company a neutral rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Ceconomy currently has an average rating of Hold and an average price target of €5.28 ($6.14).

Shares of ETR CEC1 opened at €4.58 ($5.33) on Tuesday. Ceconomy has a twelve month low of €3.23 ($3.76) and a twelve month high of €7.48 ($8.70). The company has a current ratio of 0.96, a quick ratio of 0.52 and a debt-to-equity ratio of 55.21. The company has a market capitalization of $12.27 million and a price-to-earnings ratio of -13.47. The business has a 50 day simple moving average of €5.09 and a 200-day simple moving average of €4.93.



Ceconomy Company Profile

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.

See Also: What is Compound Interest?

Analyst Recommendations for Ceconomy (ETR:CEC1)

Receive News & Ratings for Ceconomy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceconomy and related companies with MarketBeat.com's FREE daily email newsletter.