adidas (FRA:ADS) has been given a €210.00 ($259.26) target price by equities researchers at Warburg Research in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Warburg Research’s price objective would suggest a potential upside of 13.30% from the stock’s previous close.
A number of other brokerages have also recently issued reports on ADS. UBS Group set a €225.00 ($277.78) price objective on shares of adidas and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Baader Bank set a €220.00 ($271.60) price target on shares of adidas and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Macquarie set a €220.00 ($271.60) price target on shares of adidas and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Goldman Sachs Group set a €215.00 ($265.43) price target on shares of adidas and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Kepler Capital Markets set a €215.00 ($265.43) price target on shares of adidas and gave the company a “buy” rating in a research report on Wednesday, March 7th. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. adidas presently has a consensus rating of “Buy” and a consensus target price of €209.92 ($259.16).
Shares of adidas (ADS) opened at €185.35 ($228.83) on Wednesday. adidas has a 12 month low of €163.65 ($202.04) and a 12 month high of €201.01 ($248.16). The stock has a market cap of $37,790.00 and a price-to-earnings 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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