Baader Bank Analysts Give Ceconomy (ETR:CEC1) a €5.40 Price Target

Baader Bank set a €5.40 ($6.35) price objective on Ceconomy (ETR:CEC1) in a research note released on Monday morning, Borsen Zeitung reports.

A number of other research firms also recently issued reports on CEC1. Kepler Capital Markets set a €6.40 ($7.53) price target on Ceconomy in a research report on Friday, July 9th. Warburg Research set a €5.00 ($5.88) price objective on Ceconomy and gave the stock a neutral rating in a research note on Monday, June 21st. Finally, Barclays set a €4.20 ($4.94) price objective on Ceconomy and gave the stock a sell rating in a research note on Wednesday, May 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of €5.08 ($5.98).

CEC1 opened at €5.65 ($6.65) on Monday. Ceconomy has a 12-month low of €3.50 ($4.12) and a 12-month high of €6.25 ($7.35). The company has a quick ratio of 0.37, a current ratio of 0.87 and a debt-to-equity ratio of 291.14. The stock’s fifty day moving average price is €5.05. The company has a market cap of $15.13 million and a P/E ratio of 13.51.

About Ceconomy

Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online. In addition, the company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.

See Also: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Ceconomy (ETR:CEC1)

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