Barclays Analysts Give Ceconomy (CEC1) a €5.50 Price Target

Barclays set a €5.50 ($6.40) price objective on Ceconomy (ETR:CEC1) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Baader Bank set a €3.30 ($3.84) price target on shares of Ceconomy and gave the company a neutral rating in a research note on Friday, February 8th. Goldman Sachs Group set a €3.50 ($4.07) price target on shares of Ceconomy and gave the company a neutral rating in a research note on Friday, February 8th. HSBC set a €4.40 ($5.12) price target on shares of Ceconomy and gave the company a neutral rating in a research note on Monday, February 11th. JPMorgan Chase & Co. set a €4.50 ($5.23) price target on shares of Ceconomy and gave the company a sell rating in a research note on Tuesday, April 30th. Finally, Kepler Capital Markets set a €3.60 ($4.19) price objective on shares of Ceconomy and gave the company a sell rating in a report on Tuesday, April 30th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Ceconomy currently has an average rating of Hold and a consensus target price of €4.84 ($5.62).

Shares of CEC1 traded down €0.05 ($0.06) during midday trading on Wednesday, hitting €5.25 ($6.10). 1,272 shares of the stock were exchanged, compared to its average volume of 1,597. Ceconomy has a 52-week low of €3.23 ($3.76) and a 52-week high of €9.10 ($10.58). The firm has a market cap of $14.06 million and a P/E ratio of -8.40. The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 37.66.

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.

See Also: Cost of Capital

Analyst Recommendations for Ceconomy (ETR:CEC1)

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