Independent Research set a €193.00 ($238.27) price objective on Adidas (FRA:ADS) in a research report sent to investors on Wednesday, March 14th. The brokerage currently has a neutral rating on the stock.
Other research analysts have also recently issued reports about the stock. Macquarie set a €220.00 ($271.60) price objective on shares of Adidas and gave the company a buy rating in a report on Friday, December 22nd. Baader Bank set a €220.00 ($271.60) price objective on shares of Adidas and gave the company a buy rating in a report on Friday, December 22nd. Kepler Capital Markets set a €215.00 ($265.43) price objective on shares of Adidas and gave the company a buy rating in a report on Tuesday, December 19th. UBS set a €225.00 ($277.78) target price on shares of Adidas and gave the company a buy rating in a report on Wednesday, December 6th. Finally, set a €231.00 ($285.19) target price on shares of Adidas and gave the company a buy rating in a report on Tuesday, November 14th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of €212.88 ($262.82).
Adidas stock traded down €0.50 ($0.62) during trading hours on Wednesday, hitting €203.70 ($251.48). The stock had a trading volume of 721,588 shares. Adidas has a 12-month low of €163.65 ($202.04) and a 12-month high of €201.01 ($248.16).
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Adidas Company Profile
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, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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