adidas (FRA:ADS) has been given a €275.00 ($319.77) target price by Royal Bank of Canada in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 6.69% from the company’s current price.
Several other research firms have also commented on ADS. Deutsche Bank set a €230.00 ($267.44) price target on shares of adidas and gave the company a “neutral” rating in a report on Tuesday, May 7th. DZ Bank restated a “neutral” rating on shares of adidas in a report on Monday, May 6th. Hauck & Aufhaeuser set a €245.00 ($284.88) price target on shares of adidas and gave the company a “buy” rating in a report on Friday, May 3rd. Goldman Sachs Group set a €245.00 ($284.88) price target on shares of adidas and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. set a €205.00 ($238.37) price target on shares of adidas and gave the company a “neutral” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €231.16 ($268.79).
FRA ADS opened at €257.75 ($299.71) on Wednesday. adidas has a one year low of €163.65 ($190.29) and a one year high of €201.01 ($233.73).
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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