Goldman Sachs Group Analysts Give Ceconomy (ETR:CEC1) a €6.60 Price Target

Goldman Sachs Group set a €6.60 ($7.67) price target on Ceconomy (ETR:CEC1) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on the stock. HSBC set a €5.80 ($6.74) target price on shares of Ceconomy and gave the company a neutral rating in a research report on Wednesday, July 3rd. Barclays set a €5.50 ($6.40) price target on shares of Ceconomy and gave the company a neutral rating in a report on Wednesday, May 22nd. Kepler Capital Markets set a €6.20 ($7.21) price target on shares of Ceconomy and gave the company a neutral rating in a report on Wednesday, May 22nd. Independent Research set a €6.10 ($7.09) price target on shares of Ceconomy and gave the company a neutral rating in a report on Monday, July 8th. Finally, Baader Bank set a €6.00 ($6.98) price target on shares of Ceconomy and gave the company a neutral rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Ceconomy currently has an average rating of Hold and an average target price of €5.28 ($6.14).

Shares of ETR:CEC1 opened at €4.78 ($5.56) on Tuesday. The firm has a 50 day moving average of €5.09 and a 200-day moving average of €4.93. The stock has a market capitalization of $12.80 million and a PE ratio of -14.06. The company has a current ratio of 0.96, a quick ratio of 0.52 and a debt-to-equity ratio of 55.21. Ceconomy has a 12 month low of €3.23 ($3.76) and a 12 month high of €7.48 ($8.70).

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.

Further Reading: How a Put Option Works

Analyst Recommendations for Ceconomy (ETR:CEC1)

Receive News & Ratings for Ceconomy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceconomy and related companies with MarketBeat.com's FREE daily email newsletter.