adidas (FRA:ADS) has been assigned a €226.00 ($279.01) target price by research 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 objective would indicate a potential upside of 22.29% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. UBS Group set a €225.00 ($277.78) price target on adidas and gave the company a “buy” rating in a report on Wednesday, December 6th. Macquarie set a €220.00 ($271.60) price target on adidas and gave the company a “buy” rating in a report on Thursday, December 28th. Kepler Capital Markets set a €215.00 ($265.43) price target on adidas and gave the company a “buy” rating in a report on Tuesday, December 19th. set a €231.00 ($285.19) price target on adidas and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Warburg Research set a €205.00 ($253.09) price target on adidas and gave the company a “neutral” rating in a report on Friday, December 22nd. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of €210.63 ($260.03).
adidas (FRA ADS) opened at €184.80 ($228.15) on Wednesday. The stock has a market capitalization of $37,790.00 and a PE ratio of 28.04. adidas has a 1-year low of €163.65 ($202.04) and a 1-year high of €201.01 ($248.16).
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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