adidas (FRA:ADS) has been assigned a €226.00 ($279.01) price objective by stock analysts at Commerzbank in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Commerzbank’s price objective indicates a potential upside of 27.54% from the company’s current price.
A number of other analysts have also recently weighed in on ADS. Royal Bank of Canada set a €215.00 ($265.43) price target on adidas and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Berenberg Bank set a €200.00 ($246.91) price target on adidas and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. set a €195.00 ($240.74) price target on adidas and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Warburg Research set a €205.00 ($253.09) price target on adidas and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Independent Research set a €208.00 ($256.79) price target on adidas and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of €206.91 ($255.44).
Shares of adidas (ADS) opened at €177.20 ($218.77) on Wednesday. The stock has a market capitalization of $36,980.00 and a price-to-earnings ratio of 26.89. adidas has a 12-month low of €146.50 ($180.86) and a 12-month high of €201.01 ($248.16).
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adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas and Reebok brands. The company is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.
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