Ceconomy (ETR:CEC1) has been given a €5.50 ($6.40) target price by Baader Bank in a report issued on Monday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Baader Bank’s price objective points to a potential upside of 8.91% from the company’s current price.
CEC1 has been the topic of several other reports. Independent Research set a €3.50 ($4.07) target price on Ceconomy and gave the stock a “sell” rating in a report on Monday, February 11th. HSBC set a €3.30 ($3.84) target price on Ceconomy and gave the stock a “neutral” rating in a report on Tuesday, January 1st. Warburg Research set a €3.30 ($3.84) target price on Ceconomy and gave the stock a “neutral” rating in a report on Thursday, December 20th. Finally, JPMorgan Chase & Co. set a €4.00 ($4.65) target price on Ceconomy and gave the stock a “sell” rating in a report on Monday, December 31st. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of €4.41 ($5.13).
Shares of Ceconomy stock opened at €5.05 ($5.87) on Monday. The company has a market cap of $13.52 million and a PE ratio of -8.08. Ceconomy has a 1-year low of €3.23 ($3.76) and a 1-year high of €8.68 ($10.09). The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.59 and a current ratio of 0.97.
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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