HSBC set a €5.80 ($6.74) target price on Ceconomy (ETR:CEC1) in a report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
CEC1 has been the topic of a number of other reports. Kepler Capital Markets set a €3.60 ($4.19) price objective on Ceconomy and gave the stock a sell rating in a research note on Monday, February 11th. Baader Bank set a €5.50 ($6.40) price objective on Ceconomy and gave the stock a neutral rating in a research note on Monday, April 15th. Goldman Sachs Group set a €5.10 ($5.93) price objective on Ceconomy and gave the stock a neutral rating in a research note on Tuesday, April 30th. Barclays set a €5.50 ($6.40) price objective on Ceconomy and gave the stock a neutral rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. set a €4.50 ($5.23) price objective on Ceconomy and gave the stock a sell rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of €5.28 ($6.14).
Ceconomy stock opened at €5.00 ($5.81) on Wednesday. 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 company has a market capitalization of $13.39 million and a P/E ratio of -8.00. Ceconomy has a one year low of €3.23 ($3.76) and a one year high of €9.10 ($10.58).
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.
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