Ceconomy (CEC1) PT Set at €3.50 by Goldman Sachs Group

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Ceconomy (ETR:CEC1) has been given a €3.50 ($4.07) price objective by Goldman Sachs Group in a report released on Friday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price would suggest a potential downside of 24.57% from the stock’s previous close.

A number of other analysts also recently issued reports on CEC1. JPMorgan Chase & Co. set a €4.00 ($4.65) target price on Ceconomy and gave the stock a “sell” rating in a research report on Thursday, October 11th. Commerzbank reissued a “sell” rating and issued a target price on shares of Ceconomy in a research report on Monday, October 15th. HSBC set a €4.20 ($4.88) target price on Ceconomy and gave the stock a “sell” rating in a research report on Monday, October 15th. Baader Bank set a €6.00 ($6.98) target price on Ceconomy and gave the stock a “neutral” rating in a research report on Monday, October 15th. Finally, Independent Research set a €4.50 ($5.23) target price on Ceconomy and gave the stock a “sell” rating in a research report on Monday, October 15th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of €3.74 ($4.35).

Shares of Ceconomy stock opened at €4.64 ($5.40) on Friday. Ceconomy has a 12 month low of €8.88 ($10.33) and a 12 month high of €29.50 ($34.30).

About Ceconomy

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.

Read More: Why is the conference call important?

Analyst Recommendations for Ceconomy (ETR:CEC1)

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