Ceconomy (CEC1) Given a €3.60 Price Target at Kepler Capital Markets

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Kepler Capital Markets set a €3.60 ($4.19) price target on Ceconomy (ETR:CEC1) in a report issued on Monday. The firm currently has a sell rating on the stock.

Several other brokerages also recently commented on CEC1. Independent Research set a €4.50 ($5.23) price target on shares of Ceconomy and gave the company a sell rating in a report on Monday, October 15th. HSBC set a €4.20 ($4.88) price target on shares of Ceconomy and gave the company a sell rating in a report on Monday, October 15th. Commerzbank reiterated a sell rating and set a price target on shares of Ceconomy in a report on Monday, October 15th. Baader Bank set a €6.00 ($6.98) price target on shares of Ceconomy and gave the company a neutral rating in a report on Monday, October 15th. Finally, Goldman Sachs Group set a €4.70 ($5.47) price target on shares of Ceconomy and gave the company a neutral rating in a report on Monday, October 15th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average price target of €3.92 ($4.56).

Shares of ETR:CEC1 opened at €4.64 ($5.40) on Monday. 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.

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Analyst Recommendations for Ceconomy (ETR:CEC1)

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