Ceconomy AG (MEO3) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Ceconomy AG (ETR:MEO3) have earned a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is €33.02 ($39.31).
MEO3 has been the subject of a number of analyst reports. HSBC Holdings plc set a €36.00 ($42.86) price objective on Ceconomy AG and gave the company a “buy” rating in a report on Monday, May 22nd. Warburg Research set a €36.00 ($42.86) price objective on Ceconomy AG and gave the company a “buy” rating in a report on Friday, June 9th. J P Morgan Chase & Co set a €30.50 ($36.31) price objective on Ceconomy AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Sanford C. Bernstein set a €28.00 ($33.33) price objective on Ceconomy AG and gave the company a “neutral” rating in a report on Thursday, May 25th. Finally, Independent Research GmbH set a €38.00 ($45.24) price objective on Ceconomy AG and gave the company a “buy” rating in a report on Wednesday, May 31st.
Ceconomy AG (MEO3) traded up 0.000% during mid-day trading on Friday, reaching €28.723. 810 shares of the company’s stock traded hands. The stock has a market capitalization of €9.41 billion and a PE ratio of 21.073. The firm’s 50-day moving average price is €27.65 and its 200 day moving average price is €27.29. Ceconomy AG has a 12 month low of €23.53 and a 12 month high of €29.85.
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Ceconomy AG Company Profile
Ceconomy AG, formerly known as Metro AG, is a Germany-based company primarily engaged in the consumer electronics retail. The Company operates through four brand names: MediaMarkt, Saturn, redcoon.de and JUKE!, among others. Under the MediaMarkt and Saturn brand names, the Company sells television sets, personal computers and tablets, smartphones, consoles and computer games, music players, household appliances, small kitchen appliances, outdoor equipment, drones and navigation devices, among others.
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