Independent Research set a €6.80 ($7.91) target price on Ceconomy AG Preference Shares (ETR:CEC1) in a research report sent to investors on Wednesday morning. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on the stock. HSBC set a €10.00 ($11.63) target price on shares of Ceconomy AG Preference Shares and gave the company a buy rating in a research note on Friday, August 17th. JPMorgan Chase & Co. set a €9.00 ($10.47) target price on shares of Ceconomy AG Preference Shares and gave the company a neutral rating in a research note on Tuesday, August 14th. Commerzbank set a €7.50 ($8.72) target price on shares of Ceconomy AG Preference Shares and gave the company a sell rating in a research note on Thursday, July 26th. Kepler Capital Markets set a €6.80 ($7.91) target price on shares of Ceconomy AG Preference Shares and gave the company a neutral rating in a research note on Thursday, August 23rd. Finally, Morgan Stanley set a €7.00 ($8.14) target price on shares of Ceconomy AG Preference Shares and gave the company a neutral rating in a research note on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of €7.77 ($9.03).

ETR:CEC1 opened at €6.94 ($8.07) on Wednesday. Ceconomy AG Preference Shares has a one year low of €8.88 ($10.33) and a one year 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.

Featured Story: Stop Order

Analyst Recommendations for Ceconomy AG Preference Shares (ETR:CEC1)

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