JPMorgan Chase & Co. Analysts Give Ceconomy (CEC1) a €4.00 Price Target
Ceconomy (ETR:CEC1) received a €4.00 ($4.65) price objective from analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. The firm presently has a “sell” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 27.27% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Baader Bank set a €10.00 ($11.63) price target on shares of Ceconomy and gave the stock a “buy” rating in a research note on Tuesday, August 14th. HSBC set a €12.50 ($14.53) price target on shares of Ceconomy and gave the stock a “buy” rating in a research note on Friday, August 10th. equinet set a €8.00 ($9.30) price target on shares of Ceconomy and gave the stock a “neutral” rating in a research note on Wednesday, September 19th. Goldman Sachs Group set a €9.40 ($10.93) price target on shares of Ceconomy and gave the stock a “neutral” rating in a research note on Tuesday, August 14th. Finally, Independent Research set a €7.00 ($8.14) target price on shares of Ceconomy and gave the company a “neutral” rating in a research report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of €6.56 ($7.63).
CEC1 stock opened at €5.50 ($6.40) on Thursday. Ceconomy has a 12 month low of €8.88 ($10.33) and a 12 month 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.
See Also: Compound Annual Growth Rate (CAGR)
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