Goldman Sachs Group set a €6.80 ($7.91) price target on Ceconomy (ETR:CEC1) in a research report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other research analysts have also recently issued research reports about the company. HSBC set a €5.80 ($6.74) price objective on Ceconomy and gave the stock a neutral rating in a research report on Thursday, May 16th. Barclays set a €5.50 ($6.40) price objective on Ceconomy and gave the stock a neutral rating in a research report on Wednesday, May 15th. Baader Bank set a €5.50 ($6.40) target price on Ceconomy and gave the stock a neutral rating in a report on Tuesday. Independent Research set a €5.30 ($6.16) target price on Ceconomy and gave the stock a sell rating in a report on Friday, May 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Ceconomy presently has a consensus rating of Hold and a consensus price target of €5.28 ($6.14).
CEC1 opened at €5.00 ($5.81) on Tuesday. Ceconomy has a 1-year low of €3.23 ($3.76) and a 1-year 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 firm has a market capitalization of $13.39 million and a P/E 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.
Further Reading: P/E Growth (PEG)
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