HSBC set a €12.50 ($14.53) price objective on Ceconomy AG Preference Shares (ETR:CEC1) in a research note released on Friday. The firm currently has a buy rating on the stock.

Separately, Commerzbank set a €7.50 ($8.72) price target on Ceconomy AG Preference Shares and gave the company a sell rating in a report on Thursday, July 26th.

ETR CEC1 traded down €3.49 ($4.06) during trading on Friday, hitting €7.46 ($8.67). 840 shares of the stock traded hands, compared to its average volume of 1,597. Ceconomy AG Preference Shares has a 12-month low of €8.88 ($10.33) and a 12-month high of €29.50 ($34.30).

About Ceconomy AG Preference Shares

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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