adidas (FRA:ADS) has been assigned a €226.00 ($269.05) target price by research analysts at Commerzbank in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Commerzbank’s target price indicates a potential upside of 24.11% from the stock’s current price.
A number of other research analysts have also weighed in on ADS. Baader Bank set a €210.00 ($250.00) price objective on shares of adidas and gave the company a “buy” rating in a research note on Wednesday, September 27th. Macquarie set a €230.00 ($273.81) price objective on shares of adidas and gave the company a “buy” rating in a research note on Thursday, September 28th. Nord/LB set a €198.00 ($235.71) price objective on shares of adidas and gave the company a “neutral” rating in a research note on Friday, January 12th. Warburg Research set a €205.00 ($244.05) price objective on shares of adidas and gave the company a “neutral” rating in a research note on Wednesday, September 27th. Finally, Kepler Capital Markets set a €220.00 ($261.90) price objective on shares of adidas and gave the company a “buy” rating in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. adidas presently has an average rating of “Hold” and an average price target of €205.76 ($244.95).
adidas (FRA:ADS) opened at €182.10 ($216.79) on Monday. adidas has a 12 month low of €143.00 ($170.24) and a 12 month high of €201.01 ($239.30). The firm has a market cap of $38,130.00 and a price-to-earnings ratio of 27.72.
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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 and Reebok brands. The company is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.
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