Goldman Sachs Group Analysts Give Ceconomy (CEC1) a €7.40 Price Target
Several other research firms have also recently issued reports on CEC1. Commerzbank set a €7.50 ($8.72) target price on Ceconomy and gave the stock a sell rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. set a €9.00 ($10.47) target price on Ceconomy and gave the stock a neutral rating in a research note on Tuesday, August 14th. Morgan Stanley 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. Baader Bank set a €10.00 ($11.63) price objective on Ceconomy and gave the company a buy rating in a research note on Wednesday, September 19th. Finally, Independent Research set a €6.80 ($7.91) price objective on Ceconomy and gave the company a neutral rating in a research note on Tuesday, September 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €6.56 ($7.63).
CEC1 stock opened at €5.50 ($6.40) on Tuesday. Ceconomy has a 52-week low of €8.88 ($10.33) and a 52-week 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.
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