Shares of adidas AG (FRA:ADS) have received an average rating of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is €206.91 ($255.44).
A number of equities research analysts recently commented on the company. Royal Bank of Canada set a €215.00 ($265.43) target price on adidas and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Berenberg Bank set a €200.00 ($246.91) target price on adidas and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Goldman Sachs Group set a €215.00 ($265.43) target price on adidas and gave the stock a “buy” rating in a research report on Tuesday, January 30th. UBS Group set a €225.00 ($277.78) target price on adidas and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, HSBC set a €231.00 ($285.19) price objective on adidas and gave the company a “buy” rating in a research report on Tuesday, January 23rd.
adidas (FRA:ADS) traded down €2.70 ($3.33) during trading hours on Tuesday, hitting €176.00 ($217.28). The company had a trading volume of 1,878 shares. The stock has a market capitalization of $36,710.00 and a P/E ratio of 26.71. adidas has a 12 month low of €146.50 ($180.86) and a 12 month high of €201.01 ($248.16).
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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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