Ceconomy AG Preference Shares (CEC1) Given a €10.00 Price Target by Baader Bank Analysts
Ceconomy AG Preference Shares (ETR:CEC1) has been given a €10.00 ($11.36) price objective by analysts at Baader Bank in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Baader Bank’s price target would indicate a potential upside of 41.64% from the stock’s current price.
A number of other analysts have also issued reports on CEC1. HSBC set a €12.50 ($14.20) price objective on Ceconomy AG Preference Shares and gave the company a “buy” rating in a research note on Friday. Commerzbank set a €7.50 ($8.52) price objective on Ceconomy AG Preference Shares and gave the company a “sell” rating in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Ceconomy AG Preference Shares has an average rating of “Hold” and an average price target of €9.68 ($11.00).
ETR:CEC1 opened at €7.06 ($8.02) on Tuesday. Ceconomy AG Preference Shares has a 52-week low of €8.88 ($10.09) and a 52-week high of €29.50 ($33.52).
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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