Royal Bank of Canada set a €235.00 ($273.26) price objective on adidas (FRA:ADS) in a report published on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research firms have also commented on ADS. HSBC set a €255.00 ($296.51) price objective on adidas and gave the company a buy rating in a research note on Monday, January 7th. Baader Bank set a €220.00 ($255.81) price objective on adidas and gave the company a buy rating in a research note on Tuesday, January 8th. UBS Group reaffirmed a buy rating and set a price objective on shares of adidas in a research note on Tuesday, January 15th. Macquarie set a €265.00 ($308.14) price objective on adidas and gave the company a buy rating in a research note on Thursday, January 17th. Finally, Morgan Stanley set a €180.00 ($209.30) price objective on adidas and gave the company a sell rating in a research note on Thursday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. adidas has an average rating of Hold and a consensus price target of €228.00 ($265.12).
Shares of ADS stock opened at €254.20 ($295.58) on Friday. adidas has a fifty-two week low of €163.65 ($190.29) and a fifty-two week 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. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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