Ceconomy (CEC1) PT Set at €6.00 by Baader Bank

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Ceconomy (ETR:CEC1) has been assigned a €6.00 ($6.98) target price by investment analysts at Baader Bank in a research note issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Baader Bank’s price objective indicates a potential upside of 70.45% from the company’s current price.

A number of other equities analysts have also commented on the stock. Goldman Sachs Group set a €4.70 ($5.47) price target on shares of Ceconomy and gave the stock a “neutral” rating in a report on Wednesday. Commerzbank set a €5.00 ($5.81) price target on shares of Ceconomy and gave the stock a “neutral” rating in a report on Thursday, November 29th. Independent Research set a €4.30 ($5.00) price target on shares of Ceconomy and gave the stock a “sell” rating in a report on Friday, October 26th. JPMorgan Chase & Co. set a €4.00 ($4.65) price target on shares of Ceconomy and gave the stock a “sell” rating in a report on Thursday, October 25th. Finally, Morgan Stanley set a €4.60 ($5.35) price target on shares of Ceconomy and gave the stock a “neutral” rating in a report on Friday, October 19th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Ceconomy currently has a consensus rating of “Hold” and a consensus price target of €5.03 ($5.85).

Shares of ETR:CEC1 opened at €3.52 ($4.09) on Wednesday. Ceconomy has a 52 week low of €8.88 ($10.33) and a 52 week high of €29.50 ($34.30).

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.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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