Kepler Capital Markets Reiterates €6.20 Price Target for Ceconomy (CEC1)

Ceconomy (ETR:CEC1) has been assigned a €6.20 ($7.21) target price by Kepler Capital Markets in a note issued to investors on Wednesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Kepler Capital Markets’ price target points to a potential upside of 13.76% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. HSBC set a €5.80 ($6.74) price target on Ceconomy and gave the stock a “neutral” rating in a research note on Wednesday. Baader Bank set a €5.50 ($6.40) price target on Ceconomy and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Goldman Sachs Group set a €5.10 ($5.93) price target on Ceconomy and gave the stock a “neutral” rating in a research note on Friday, February 15th. Independent Research set a €5.30 ($6.16) price target on Ceconomy and gave the stock a “sell” rating in a research note on Friday, May 3rd. Finally, Barclays set a €5.50 ($6.40) price target on Ceconomy and gave the stock a “neutral” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of €5.23 ($6.08).

Shares of Ceconomy stock opened at €5.45 ($6.34) on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 37.66. The company has a market cap of $14.60 million and a P/E ratio of -8.72. Ceconomy has a 52 week low of €3.23 ($3.76) and a 52 week high of €9.10 ($10.58).

Ceconomy Company Profile

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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Analyst Recommendations for Ceconomy (ETR:CEC1)

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