Ceconomy AG (ETR:MEO3) has earned an average recommendation of “Hold” from the twenty-three analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is €33.02 ($38.84).
Several brokerages recently commented on MEO3. Morgan Stanley set a €26.00 ($30.59) price target on shares of Ceconomy AG and gave the stock a “sell” rating in a research note on Tuesday, June 27th. Sanford C. Bernstein set a €28.00 ($32.94) price target on shares of Ceconomy AG and gave the stock a “neutral” rating in a research note on Monday, June 19th. HSBC Holdings plc set a €36.00 ($42.35) price target on shares of Ceconomy AG and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG set a €27.00 ($31.76) price target on shares of Ceconomy AG and gave the stock a “neutral” rating in a research note on Thursday, July 13th. Finally, Independent Research GmbH set a €36.00 ($42.35) price target on shares of Ceconomy AG and gave the stock a “buy” rating in a research note on Tuesday, June 20th.
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Shares of Ceconomy AG (ETR:MEO3) traded up 0.000% during midday trading on Thursday, hitting €28.723. 810 shares of the stock were exchanged. The stock has a 50 day moving average price of €27.65 and a 200-day moving average price of €27.29. The company has a market cap of €9.41 billion and a PE ratio of 21.073. Ceconomy AG has a 12 month low of €23.53 and a 12 month high of €29.85.
About Ceconomy AG
Ceconomy AG, formerly known as Metro AG, is a Germany-based company primarily engaged in the consumer electronics retail. The Company operates through four brand names: MediaMarkt, Saturn, redcoon.de and JUKE!, among others. Under the MediaMarkt and Saturn brand names, the Company sells television sets, personal computers and tablets, smartphones, consoles and computer games, music players, household appliances, small kitchen appliances, outdoor equipment, drones and navigation devices, among others.
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