adidas (FRA:ADS) received a €193.00 ($238.27) price objective from equities researchers at Independent Research in a report released on Wednesday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective would suggest a potential upside of 2.63% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Macquarie set a €220.00 ($271.60) target price on adidas and gave the company a “buy” rating in a research note on Friday, December 22nd. Baader Bank set a €220.00 ($271.60) price target on adidas and gave the company a “buy” rating in a research report on Friday, December 22nd. Kepler Capital Markets set a €215.00 ($265.43) price target on adidas and gave the company a “buy” rating in a research report on Tuesday, December 19th. UBS Group set a €225.00 ($277.78) price target on adidas and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, set a €231.00 ($285.19) price target on adidas and gave the company a “buy” rating in a research report on Tuesday, November 14th. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €210.04 ($259.31).
adidas (FRA:ADS) traded up €16.40 ($20.25) during midday trading on Wednesday, hitting €188.05 ($232.16). The stock had a trading volume of 24,454 shares. adidas has a 12 month low of €163.65 ($202.04) and a 12 month high of €201.01 ($248.16). The company has a market cap of $38,740.00 and a price-to-earnings ratio of 28.54.
adidas Company Profile
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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