Brokerages Set Ceconomy AG (CEC1) Target Price at $33.02

Shares of Ceconomy AG (ETR:CEC1) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is €33.02 ($39.31).

Ceconomy (CEC1) traded up €0.19 ($0.23) during midday trading on Friday, reaching €10.23 ($12.18). 4,255 shares of the company’s stock were exchanged, compared to its average volume of 4,649. Ceconomy has a 52 week low of €8.73 ($10.39) and a 52 week high of €29.50 ($35.12).

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Ceconomy Company Profile

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, as well as offers professional consultancy services, including installation, networking, and troubleshooting in the area of digital products.

Analyst Recommendations for Ceconomy (ETR:CEC1)

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