Royal Bank of Canada Reiterates €200.00 Price Target for adidas AG (ADS)
adidas AG (FRA:ADS) received a €200.00 ($224.72) price objective from investment analysts at Royal Bank of Canada in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. DZ Bank AG restated a “sell” rating on shares of adidas AG in a research note on Thursday, January 26th. Deutsche Bank AG set a €200.00 ($224.72) price target on adidas AG and gave the company a “buy” rating in a research note on Thursday, April 6th. JPMorgan Chase & Co. set a €145.00 ($162.92) price target on adidas AG and gave the company a “neutral” rating in a research note on Friday, January 27th. Baader Bank set a €160.00 ($179.78) price target on adidas AG and gave the company a “neutral” rating in a research note on Wednesday, March 22nd. Finally, Independent Research GmbH set a €195.00 ($219.10) price target on adidas AG and gave the company a “neutral” rating in a research note on Friday, March 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. adidas AG currently has an average rating of “Hold” and an average price target of €183.55 ($206.23).
Shares of adidas AG (FRA:ADS) traded up 0.56% during trading on Thursday, reaching €172.09. 128 shares of the company were exchanged. The company has a 50 day moving average price of €178.58 and a 200-day moving average price of €159.21. adidas AG has a one year low of €106.00 and a one year high of €187.81. The stock has a market capitalization of €34.68 billion and a price-to-earnings ratio of 31.26.
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