adidas (FRA:ADS) received a €226.00 ($279.01) price objective from stock analysts at Commerzbank in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Commerzbank’s price target indicates a potential upside of 28.23% from the company’s current price.
ADS has been the topic of several other reports. Macquarie set a €230.00 ($283.95) price objective on shares of adidas and gave the company a “buy” rating in a report on Monday, November 13th. Kepler Capital Markets set a €215.00 ($265.43) price objective on shares of adidas and gave the company a “buy” rating in a report on Tuesday, December 19th. Baader Bank set a €220.00 ($271.60) price objective on shares of adidas and gave the company a “buy” rating in a report on Wednesday, January 3rd. Independent Research set a €205.00 ($253.09) price objective on shares of adidas and gave the company a “neutral” rating in a report on Thursday, November 9th. Finally, set a €231.00 ($285.19) price objective on shares of adidas and gave the company a “buy” rating in a report on Tuesday, November 14th. 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 stock has an average rating of “Hold” and a consensus price target of €206.91 ($255.44).
Shares of adidas (FRA:ADS) opened at €176.25 ($217.59) on Wednesday. The company has a market cap of $36,980.00 and a price-to-earnings ratio of 26.75. adidas has a twelve month low of €146.50 ($180.86) and a twelve 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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