adidas (ADS) Receives “Buy” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their buy rating on shares of adidas (FRA:ADS) in a research note published on Wednesday.

Several other research analysts also recently commented on the stock. Goldman Sachs Group set a €240.00 ($279.07) target price on shares of adidas and gave the stock a buy rating in a report on Friday, October 19th. JPMorgan Chase & Co. set a €205.00 ($238.37) target price on shares of adidas and gave the stock a neutral rating in a report on Wednesday, October 17th. DZ Bank reiterated a buy rating on shares of adidas in a report on Monday, October 22nd. HSBC set a €255.00 ($296.51) target price on shares of adidas and gave the stock a buy rating in a report on Monday, October 15th. Finally, Hauck & Aufhaeuser set a €240.00 ($279.07) target price on shares of adidas and gave the stock a buy rating in a report on Thursday, September 27th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. adidas currently has an average rating of Buy and an average price target of €225.09 ($261.73).

ADS traded up €1.65 ($1.92) during trading on Wednesday, hitting €195.50 ($227.33). The stock had a trading volume of 519,016 shares. adidas has a 12 month low of €163.65 ($190.29) and a 12 month high of €201.01 ($233.73).

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.

Further Reading: Market Capitalization and Individual Investors

Analyst Recommendations for adidas (FRA:ADS)

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