Ceconomy (CEC1) PT Set at €6.80 by Goldman Sachs Group
Goldman Sachs Group set a €6.80 ($7.91) price target on Ceconomy (ETR:CEC1) in a research report report published on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. set a €4.50 ($5.23) target price on Ceconomy and gave the company a sell rating in a research report on Tuesday, April 30th. Baader Bank set a €5.50 ($6.40) price target on Ceconomy and gave the stock a neutral rating in a research note on Tuesday, April 30th. Kepler Capital Markets set a €3.60 ($4.19) price target on Ceconomy and gave the stock a sell rating in a research note on Tuesday, April 30th. Independent Research set a €3.50 ($4.07) price target on Ceconomy and gave the stock a sell rating in a research note on Monday, February 11th. Finally, HSBC set a €4.40 ($5.12) price target on Ceconomy and gave the stock a neutral rating in a research note on Monday, February 11th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and an average target price of €5.28 ($6.14).
Shares of Ceconomy stock opened at €5.10 ($5.93) on Tuesday. Ceconomy has a one year low of €3.23 ($3.76) and a one year high of €9.10 ($10.58). The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.59 and a current ratio of 0.97. The stock has a market cap of $13.66 million and a P/E ratio of -8.16.
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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