adidas (FRA:ADS) has been given a €211.00 ($260.49) price objective by equities research analysts at equinet in a report released on Wednesday, March 14th. The brokerage presently has a “buy” rating on the stock. equinet’s price objective would suggest a potential upside of 3.58% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. DZ Bank reaffirmed a “buy” rating on shares of adidas in a research report on Wednesday, March 14th. Bryan, Garnier & Co set a €188.00 ($232.10) price objective on shares of adidas and gave the stock a “neutral” rating in a research report on Wednesday, March 14th. UBS set a €225.00 ($277.78) price objective on shares of adidas and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Warburg Research set a €210.00 ($259.26) target price on shares of adidas and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, JPMorgan Chase set a €195.00 ($240.74) target price on shares of adidas and gave the company a “neutral” rating in a research note on Wednesday, March 14th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of €212.88 ($262.82).
Shares of FRA:ADS traded down €0.50 ($0.62) during trading on Wednesday, reaching €203.70 ($251.48). The stock had a trading volume of 721,588 shares. adidas has a fifty-two week low of €163.65 ($202.04) and a fifty-two week 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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