Cnova Receives a Hold from Deutsche Bank

By George MacDonald

Deutsche Bank analyst Ross Sandler initiated coverage with a Hold rating on Cnova (NASDAQ: CNV) on December 30. The company’s shares closed yesterday at $7.91, close to its 52-week high of $8.22.

Cnova has an analyst consensus of Hold, with a price target consensus of $9.75.

The company has a one year high of $8.22 and a one year low of $7.29. Currently, Cnova has an average volume of 0.

According to TipRanks, Sandler is ranked #244 out of 3425 analysts.

Cnova NV is an eCommerce company. It offers product through a combination of its direct sales and sales by third-party vendors. Its product offerings categories in terms of GMV are home appliances, consumer electronics, computers and home furnishing.