adidas (FRA:ADS) has been given a €226.00 ($269.05) price objective by Commerzbank in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Commerzbank’s price target indicates a potential upside of 32.20% from the company’s previous close.
A number of other analysts have also issued reports on the stock. Nord/LB set a €198.00 ($235.71) price objective on shares of adidas and gave the company a “neutral” rating in a research note on Friday. Independent Research set a €190.00 ($226.19) price target on shares of adidas and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Baader Bank set a €220.00 ($261.90) price target on shares of adidas and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Warburg Research set a €205.00 ($244.05) price target on shares of adidas and gave the stock a “neutral” rating in a research note on Wednesday, January 3rd. Finally, Macquarie set a €220.00 ($261.90) price target on shares of adidas and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. adidas has a consensus rating of “Hold” and an average price target of €205.62 ($244.78).
Shares of adidas (FRA:ADS) opened at €170.95 ($203.51) on Monday. The stock has a market cap of $35,170.00 and a P/E ratio of 26.02. 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 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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