Deutsche Bank set a €210.00 ($244.19) target price on adidas (FRA:ADS) in a report issued on Friday morning. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts have also issued reports on ADS. Royal Bank of Canada set a €220.00 ($255.81) price target on adidas and gave the stock a buy rating in a report on Friday, July 13th. JPMorgan Chase & Co. set a €200.00 ($232.56) price target on adidas and gave the stock a neutral rating in a report on Wednesday, July 18th. DZ Bank reissued a buy rating on shares of adidas in a report on Thursday, July 19th. Credit Suisse Group set a €243.00 ($282.56) price target on adidas and gave the stock a buy rating in a report on Tuesday, July 24th. Finally, Berenberg Bank set a €207.00 ($240.70) price target on adidas and gave the stock a neutral rating in a report on Wednesday, July 25th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. adidas has an average rating of Buy and an average target price of €224.60 ($261.16).
Shares of FRA ADS traded up €2.90 ($3.37) during midday trading on Friday, reaching €203.90 ($237.09). 712,740 shares of the company were exchanged. adidas has a 1 year low of €163.65 ($190.29) and a 1 year high of €201.01 ($233.73).
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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