Ceconomy (ETR:CEC1) has been assigned a €4.00 ($4.65) target price by equities research analysts at JPMorgan Chase & Co. in a research note issued on Thursday. The brokerage currently has a “sell” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential downside of 27.27% from the company’s previous close.
A number of other analysts have also recently issued reports on CEC1. Commerzbank set a €7.50 ($8.72) price objective on shares of Ceconomy and gave the stock a “sell” rating in a research note on Thursday, July 26th. HSBC set a €12.50 ($14.53) price objective on shares of Ceconomy and gave the stock a “buy” rating in a research note on Friday, August 10th. Baader Bank set a €10.00 ($11.63) price objective on shares of Ceconomy and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Goldman Sachs Group set a €9.40 ($10.93) price objective on shares of Ceconomy and gave the stock a “neutral” rating in a research note on Tuesday, August 14th. Finally, Warburg Research set a €7.40 ($8.60) price objective on shares of Ceconomy and gave the stock a “neutral” rating in a research note on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Ceconomy presently has a consensus rating of “Hold” and a consensus target price of €6.56 ($7.63).
Shares of ETR CEC1 opened at €5.50 ($6.40) on Thursday. Ceconomy has a 1 year low of €8.88 ($10.33) and a 1 year high of €29.50 ($34.30).
Ceconomy Company Profile
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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