Ceconomy (ETR:CEC1) Given a €5.20 Price Target by Baader Bank Analysts

Baader Bank set a €5.20 ($6.05) price objective on Ceconomy (ETR:CEC1) in a research note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

CEC1 has been the topic of several other reports. Bank of America set a €6.40 ($7.44) target price on Ceconomy and gave the company a neutral rating in a report on Wednesday. Goldman Sachs Group set a €5.70 ($6.63) target price on Ceconomy and gave the company a neutral rating in a report on Monday, August 19th. Independent Research set a €5.60 ($6.51) target price on Ceconomy and gave the company a neutral rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. set a €4.50 ($5.23) target price on Ceconomy and gave the company a sell rating in a report on Tuesday, August 13th. Finally, Commerzbank set a €6.50 ($7.56) target price on Ceconomy and gave the company a neutral rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Ceconomy presently has an average rating of Hold and an average target price of €5.39 ($6.27).

CEC1 stock traded up €0.14 ($0.16) during trading on Friday, hitting €4.90 ($5.70). The company had a trading volume of 4,355 shares, compared to its average volume of 1,597. The business has a 50-day moving average of €4.86 and a 200-day moving average of €4.98. Ceconomy has a one year low of €3.23 ($3.76) and a one year high of €6.88 ($8.00). The stock has a market cap of $13.12 million and a PE ratio of 32.03. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 58.33.



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.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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