Independent Research set a €6.10 ($7.09) price objective on Ceconomy (ETR:CEC1) in a report released on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts also recently issued reports on the company. Barclays set a $34.00 price target on DCP Midstream and gave the company a hold rating in a report on Wednesday, May 22nd. HSBC set a €5.80 ($6.74) price target on Ceconomy and gave the company a neutral rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on STMicroelectronics and gave the company a buy rating in a report on Tuesday, May 21st. Baader Bank set a €42.00 ($48.84) price target on Covestro and gave the company a sell rating in a report on Wednesday, July 3rd. Finally, Goldman Sachs Group reaffirmed a neutral rating and set a $178.00 price target on shares of Apple in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of €5.35 ($6.22).
Shares of Ceconomy stock opened at €5.05 ($5.87) on Monday. The firm has a market cap of $13.52 million and a PE ratio of -8.08. The company has a quick ratio of 0.59, a current ratio of 0.97 and a debt-to-equity ratio of 37.66. Ceconomy has a twelve month low of €3.23 ($3.76) and a twelve month high of €8.40 ($9.77). The business has a 50-day simple moving average of €4.84.
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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