Ceconomy (CEC1) PT Set at €9.00 by Baader Bank

Baader Bank set a €9.00 ($10.47) price objective on Ceconomy (ETR:CEC1) in a research report report published on Tuesday morning. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on CEC1. HSBC set a €12.50 ($14.53) price objective on Ceconomy and gave the stock a buy rating in a research note on Friday, August 10th. Commerzbank set a €7.50 ($8.72) price objective on Ceconomy and gave the stock a sell rating in a research note on Thursday, July 26th. Goldman Sachs Group set a €9.40 ($10.93) price objective on Ceconomy and gave the stock a neutral rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. set a €9.00 ($10.47) price objective on Ceconomy and gave the stock a neutral rating in a research note on Tuesday, August 14th. Finally, Kepler Capital Markets set a €6.80 ($7.91) price objective on Ceconomy and gave the stock a neutral rating in a research note on Thursday, August 23rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €6.56 ($7.63).

Shares of ETR CEC1 opened at €5.50 ($6.40) on Tuesday. Ceconomy has a 1-year low of €8.88 ($10.33) and a 1-year high of €29.50 ($34.30).

Ceconomy Company Profile

Ceconomy AG engages in the consumer electronics retail business. It operates multichannel consumer electronics stores under the MediaMarkt and Saturn brand names; redcoon.de, an online electronics store; and JUKE!, a music streaming service that comprise songs, films, games, and e-books. The company also operates iBOOD, a live-shopping portal; Flip4New!, a purchasing service for consumer electronics, which allow customers to sell used electronic articles; and LocaFox, a local commerce platform that connects local retailers with the multichannel world.

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