adidas (FRA:ADS) has been assigned a €205.00 ($244.05) target price by equities researchers at Warburg Research in a report issued on Thursday, December 28th. The firm currently has a “neutral” rating on the stock. Warburg Research’s price target would indicate a potential upside of 21.63% from the company’s previous close.
A number of other brokerages also recently issued reports on ADS. Independent Research set a €205.00 ($244.05) price target on adidas and gave the company a “neutral” rating in a report on Thursday, November 9th. Berenberg Bank set a €200.00 ($238.10) target price on adidas and gave the stock a “neutral” rating in a research note on Friday, November 10th. Baader Bank set a €220.00 ($261.90) target price on adidas and gave the stock a “buy” rating in a research note on Thursday, November 9th. Citigroup set a €197.00 ($234.52) target price on adidas and gave the stock a “neutral” rating in a research note on Thursday, November 9th. Finally, equinet set a €211.00 ($251.19) target price on adidas and gave the stock a “buy” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of €205.62 ($244.78).
Shares of adidas (FRA ADS) traded up €1.70 ($2.02) during midday trading on Thursday, reaching €168.55 ($200.65). The company’s stock had a trading volume of 1,866 shares. adidas has a 1-year low of €143.00 ($170.24) and a 1-year high of €201.01 ($239.30). The company has a market cap of $35,170.00 and a price-to-earnings ratio of 25.65.
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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