JPMorgan Chase & Co. Analysts Give Ceconomy (ETR:CEC1) a €4.50 Price Target
Several other equities analysts have also weighed in on the stock. Barclays set a €5.50 ($6.40) price objective on shares of Ceconomy and gave the company a neutral rating in a report on Wednesday, May 22nd. Goldman Sachs Group set a €6.60 ($7.67) price objective on shares of Ceconomy and gave the company a neutral rating in a report on Tuesday. HSBC set a €5.80 ($6.74) target price on shares of Ceconomy and gave the stock a neutral rating in a report on Wednesday, July 3rd. Kepler Capital Markets set a €6.20 ($7.21) target price on shares of Ceconomy and gave the stock a neutral rating in a report on Wednesday, May 22nd. Finally, Independent Research set a €6.10 ($7.09) target price on shares of Ceconomy and gave the stock a neutral rating in a report on Monday, July 8th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of €5.28 ($6.14).
Shares of ETR CEC1 opened at €4.78 ($5.56) on Tuesday. The company’s 50 day simple moving average is €5.09 and its 200 day simple moving average is €4.93. Ceconomy has a fifty-two week low of €3.23 ($3.76) and a fifty-two week high of €7.48 ($8.70). The firm has a market capitalization of $12.80 million and a P/E ratio of -14.06. The company has a debt-to-equity ratio of 55.21, a current ratio of 0.96 and a quick ratio of 0.52.
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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