Goldman Sachs Group Analysts Give Ceconomy (CEC1) a €3.50 Price Target

Goldman Sachs Group set a €3.50 ($4.07) price objective on Ceconomy (ETR:CEC1) in a report issued on Tuesday. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also recently weighed in on CEC1. JPMorgan Chase & Co. set a €9.00 ($10.47) price objective on Ceconomy and gave the stock a neutral rating in a report on Wednesday, September 19th. HSBC set a €3.30 ($3.84) price objective on Ceconomy and gave the stock a neutral rating in a report on Thursday, December 20th. Baader Bank set a €10.00 ($11.63) price objective on Ceconomy and gave the stock a buy rating in a report on Wednesday, September 19th. Independent Research set a €6.80 ($7.91) price objective on Ceconomy and gave the stock a neutral rating in a report on Tuesday, September 25th. Finally, Warburg Research set a €3.30 ($3.84) price objective on Ceconomy and gave the stock a neutral rating in a report on Tuesday, January 1st. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of €4.16 ($4.84).

Shares of ETR:CEC1 opened at €3.57 ($4.15) on Tuesday. Ceconomy has a 1-year low of €8.88 ($10.33) and a 1-year high of €29.50 ($34.30).

About Ceconomy

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: Analyst Ratings

Analyst Recommendations for Ceconomy (ETR:CEC1)

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