adidas (FRA:ADS) has been assigned a €188.00 ($232.10) price target by stock analysts at Bryan, Garnier & Co in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Bryan, Garnier & Co’s price objective would indicate a potential upside of 1.43% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Warburg Research set a €205.00 ($253.09) price target on shares of adidas and gave the stock a “neutral” rating in a report on Thursday, December 28th. UBS Group set a €225.00 ($277.78) price target on shares of adidas and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Baader Bank set a €220.00 ($271.60) price target on shares of adidas and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Macquarie set a €220.00 ($271.60) price target on shares of adidas and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, Goldman Sachs Group set a €215.00 ($265.43) price target on shares of adidas and gave the stock a “buy” rating in a report on Tuesday, January 30th. Eleven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of €209.92 ($259.16).
Shares of adidas (FRA:ADS) opened at €185.35 ($228.83) on Wednesday. adidas has a 52-week low of €163.65 ($202.04) and a 52-week high of €201.01 ($248.16). The firm has a market cap of $37,790.00 and a P/E ratio of 28.13.
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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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