adidas (FRA:ADS) received a €220.00 ($261.90) target price from equities researchers at Baader Bank in a research note issued on Friday, December 22nd. The brokerage presently has a “buy” rating on the stock. Baader Bank’s target price would suggest a potential upside of 30.53% from the company’s current price.
A number of other research firms also recently commented on ADS. Macquarie set a €230.00 ($273.81) price objective on shares of adidas and gave the stock a “buy” rating in a research note on Monday, November 13th. Kepler Capital Markets set a €215.00 ($255.95) price objective on shares of adidas and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Independent Research set a €205.00 ($244.05) price objective on shares of adidas and gave the stock a “neutral” rating in a research note on Thursday, November 9th. set a €231.00 ($275.00) price objective on shares of adidas and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. set a €195.00 ($232.14) price objective on shares of adidas and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of €205.62 ($244.78).
Shares of adidas (ADS) traded up €1.70 ($2.02) during midday trading on Friday, reaching €168.55 ($200.65). 1,866 shares of the company were exchanged. The firm has a market cap of $35,170.00 and a price-to-earnings ratio of 25.65. adidas has a 12-month low of €143.00 ($170.24) and a 12-month high of €201.01 ($239.30).
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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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