CEC1 has been the subject of several other reports. HSBC set a €10.00 ($11.63) price objective on Ceconomy and gave the stock a buy rating in a research report on Friday, August 17th. Baader Bank set a €10.00 ($11.63) price objective on Ceconomy and gave the stock a buy rating in a research report on Wednesday, September 19th. Commerzbank restated a sell rating on shares of Ceconomy in a research report on Tuesday, October 9th. Goldman Sachs Group set a €7.70 ($8.95) price objective on Ceconomy and gave the stock a neutral rating in a research report on Wednesday, September 19th. Finally, Independent Research set a €6.80 ($7.91) price objective on Ceconomy and gave the stock a neutral rating in a research report on Tuesday, September 25th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has an average rating of Hold and an average target price of €5.03 ($5.85).
CEC1 traded up €0.12 ($0.14) during trading on Tuesday, reaching €5.42 ($6.30). The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 1,597. Ceconomy has a 52-week low of €8.88 ($10.33) and a 52-week high of €29.50 ($34.30).
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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