adidas (FRA:ADS) has been assigned a €225.00 ($277.78) price objective by equities researchers at UBS Group in a report released on Wednesday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 21.39% from the company’s current price.
Several other research analysts have also recently weighed in on ADS. Royal Bank of Canada set a €215.00 ($265.43) price target on shares of adidas and gave the stock a “buy” rating in a report on Wednesday. Warburg Research set a €210.00 ($259.26) price target on shares of adidas and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. set a €195.00 ($240.74) price target on shares of adidas and gave the stock a “neutral” rating in a report on Wednesday. Commerzbank set a €226.00 ($279.01) price target on shares of adidas and gave the stock a “buy” rating in a report on Wednesday. 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 Wednesday. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. adidas has an average rating of “Buy” and a consensus target price of €209.92 ($259.16).
adidas (ADS) opened at €185.35 ($228.83) on Wednesday. adidas has a twelve month low of €163.65 ($202.04) and a twelve month high of €201.01 ($248.16). The firm has a market cap of $37,790.00 and a PE 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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