Independent Research set a €5.60 ($6.51) price objective on Ceconomy (ETR:CEC1) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Barclays set a €5.50 ($6.40) target price on Ceconomy and gave the stock a neutral rating in a research note on Wednesday, May 22nd. HSBC set a €5.80 ($6.74) target price on Ceconomy and gave the stock a neutral rating in a research note on Wednesday, July 3rd. Baader Bank set a €6.00 ($6.98) target price on Ceconomy and gave the stock a neutral rating in a research note on Tuesday, August 13th. Kepler Capital Markets set a €6.20 ($7.21) target price on Ceconomy and gave the stock a neutral rating in a research note on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. set a €4.50 ($5.23) target price on Ceconomy and gave the stock a sell rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Ceconomy currently has an average rating of Hold and an average target price of €5.28 ($6.14).

CEC1 stock opened at €4.58 ($5.33) on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.96 and a debt-to-equity ratio of 55.21. The business’s fifty day simple moving average is €5.09 and its two-hundred day simple moving average is €4.93. Ceconomy has a twelve month low of €3.23 ($3.76) and a twelve month high of €7.48 ($8.70). The firm has a market cap of $12.27 million and a price-to-earnings ratio of -13.47.

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.

Further Reading: Rule of 72

Analyst Recommendations for Ceconomy (ETR:CEC1)

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