Ceconomy AG Preference Shares (CEC1) PT Set at €6.80 by Independent Research

Ceconomy AG Preference Shares (ETR:CEC1) has been assigned a €6.80 ($7.91) target price by equities researchers at Independent Research in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price objective would indicate a potential downside of 1.73% from the stock’s previous close.

CEC1 has been the subject of a number of other reports. equinet set a €8.00 ($9.30) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a report on Wednesday, September 19th. Warburg Research set a €7.40 ($8.60) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a report on Wednesday, August 15th. Kepler Capital Markets set a €6.80 ($7.91) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a report on Thursday, August 23rd. HSBC set a €7.50 ($8.72) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a report on Thursday, September 20th. Finally, Goldman Sachs Group set a €7.70 ($8.95) price target on Ceconomy AG Preference Shares and gave the company a “neutral” rating in a report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. Ceconomy AG Preference Shares presently has a consensus rating of “Hold” and an average target price of €7.62 ($8.86).

Shares of ETR:CEC1 opened at €6.92 ($8.05) on Tuesday. Ceconomy AG Preference Shares has a 12-month low of €8.88 ($10.33) and a 12-month high of €29.50 ($34.30).

Ceconomy AG Preference Shares 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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Analyst Recommendations for Ceconomy AG Preference Shares (ETR:CEC1)

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