JPMorgan Chase & Co. set a €4.50 ($5.23) target price on Ceconomy (ETR:CEC1) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
CEC1 has been the topic of several other reports. Kepler Capital Markets set a €3.60 ($4.19) target price on Ceconomy and gave the stock a sell rating in a report on Monday, February 11th. Baader Bank set a €5.50 ($6.40) price target on Ceconomy and gave the stock a neutral rating in a research report on Monday, April 15th. Goldman Sachs Group set a €5.10 ($5.93) price target on Ceconomy and gave the stock a neutral rating in a research report on Tuesday, April 30th. Barclays set a €5.50 ($6.40) price target on Ceconomy and gave the stock a neutral rating in a research report on Thursday, April 11th. Finally, Independent Research set a €3.50 ($4.07) price target on Ceconomy and gave the stock a sell rating in a research report on Monday, February 11th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €5.28 ($6.14).
Shares of CEC1 stock opened at €5.00 ($5.81) on Tuesday. Ceconomy has a 12-month low of €3.23 ($3.76) and a 12-month high of €9.10 ($10.58). The company has a current ratio of 0.97, a quick ratio of 0.59 and a debt-to-equity ratio of 37.66. The stock has a market capitalization of $13.39 million and a PE ratio of -8.00.
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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