Goldman Sachs Group Analysts Give Ceconomy (CEC1) a €7.40 Price Target

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Goldman Sachs Group set a €7.40 ($8.60) price target on Ceconomy (ETR:CEC1) in a research note released on Tuesday. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Baader Bank set a €10.00 ($11.63) price target on Ceconomy and gave the stock a buy rating in a report on Tuesday, August 14th. HSBC set a €12.50 ($14.53) price target on Ceconomy and gave the stock a buy rating in a report on Friday, August 10th. JPMorgan Chase & Co. set a €9.00 ($10.47) price target on Ceconomy and gave the stock a neutral rating in a report on Tuesday, August 14th. equinet set a €8.00 ($9.30) price target on Ceconomy and gave the stock a neutral rating in a report on Wednesday, September 19th. Finally, Independent Research set a €7.00 ($8.14) price target on Ceconomy and gave the stock a neutral rating in a report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of €6.56 ($7.63).

Shares of ETR CEC1 opened at €5.50 ($6.40) on Tuesday. Ceconomy has a 1 year low of €8.88 ($10.33) and a 1 year high of €29.50 ($34.30).

About Ceconomy

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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Analyst Recommendations for Ceconomy (ETR:CEC1)

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