Ceconomy (ETR:CEC1) PT Set at €4.20 by Barclays

Barclays set a €4.20 ($4.94) price target on Ceconomy (ETR:CEC1) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

A number of other brokerages have also weighed in on CEC1. Baader Bank set a €6.80 ($8.00) price objective on Ceconomy and gave the stock a buy rating in a research report on Tuesday. Kepler Capital Markets set a €7.60 ($8.94) price objective on Ceconomy and gave the stock a buy rating in a research report on Wednesday, February 10th. Finally, Independent Research set a €5.20 ($6.12) price objective on Ceconomy and gave the stock a neutral rating in a research report on Tuesday, February 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Ceconomy currently has a consensus rating of Hold and a consensus target price of €5.52 ($6.49).

Shares of CEC1 opened at €5.05 ($5.94) on Wednesday. Ceconomy has a 52-week low of €2.32 ($2.73) and a 52-week high of €6.25 ($7.35). The business’s fifty day moving average is €5.18 and its 200-day moving average is €5.28. The company has a debt-to-equity ratio of 553.94, a quick ratio of 0.53 and a current ratio of 0.91. The firm has a market cap of $13.52 million and a price-to-earnings ratio of -13.10.

Ceconomy Company Profile

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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Analyst Recommendations for Ceconomy (ETR:CEC1)

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