HSBC Analysts Give Ceconomy (CEC1) a €4.40 Price Target

Share on StockTwits

HSBC set a €4.40 ($5.12) price objective on Ceconomy (ETR:CEC1) in a research report released on Monday morning. The brokerage currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on CEC1. Baader Bank set a €3.30 ($3.84) target price on Ceconomy and gave the stock a neutral rating in a research note on Friday, February 8th. JPMorgan Chase & Co. set a €3.00 ($3.49) target price on Ceconomy and gave the stock a sell rating in a research note on Friday, February 8th. Goldman Sachs Group set a €3.50 ($4.07) target price on Ceconomy and gave the stock a neutral rating in a research note on Friday, February 8th. Kepler Capital Markets set a €3.60 ($4.19) target price on Ceconomy and gave the stock a sell rating in a research note on Monday. Finally, Independent Research set a €2.80 ($3.26) target price on Ceconomy and gave the stock a sell rating in a research note on Thursday, December 20th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Ceconomy currently has a consensus rating of Hold and an average price target of €3.92 ($4.56).

Shares of Ceconomy stock opened at €4.58 ($5.33) on Monday. Ceconomy has a one year low of €8.88 ($10.33) and a one year high of €29.50 ($34.30).

About Ceconomy

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.

Recommended Story: The risks of owning bonds

Analyst Recommendations for Ceconomy (ETR:CEC1)

Receive News & Ratings for Ceconomy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceconomy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply