Ceconomy (ETR:CEC1) Given a €6.10 Price Target at Independent Research

Independent Research set a €6.10 ($7.09) target price on Ceconomy (ETR:CEC1) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently commented on CEC1. Goldman Sachs Group reiterated a neutral rating and issued a $178.00 target price on shares of Apple in a report on Tuesday, May 21st. JPMorgan Chase & Co. set a €20.00 ($23.26) target price on STMicroelectronics and gave the stock a buy rating in a report on Tuesday, May 21st. Barclays set a $34.00 target price on DCP Midstream and gave the stock a hold rating in a report on Wednesday, May 22nd. Kepler Capital Markets set a €108.00 ($125.58) target price on Merck KGaA and gave the stock a buy rating in a report on Wednesday, May 22nd. Finally, HSBC set a €5.80 ($6.74) target price on Ceconomy and gave the stock a neutral rating in a report on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. The company currently has an average rating of Hold and an average target price of €5.35 ($6.22).

Shares of Ceconomy stock opened at €5.05 ($5.87) on Monday. The stock has a market cap of $13.52 million and a PE ratio of -8.08. The company has a current ratio of 0.97, a quick ratio of 0.59 and a debt-to-equity ratio of 37.66. The business has a 50 day moving average of €4.84. Ceconomy has a one year low of €3.23 ($3.76) and a one year high of €8.40 ($9.77).

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.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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