adidas (FRA:ADS) received a €300.00 ($348.84) price objective from analysts at HSBC in a note issued to investors on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. HSBC’s target price would indicate a potential upside of 6.63% from the stock’s previous close.
ADS has been the topic of a number of other reports. Kepler Capital Markets set a €290.00 ($337.21) target price on adidas and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Baader Bank set a €290.00 ($337.21) target price on adidas and gave the stock a “neutral” rating in a research note on Friday, October 11th. Hauck & Aufhaeuser set a €320.00 ($372.09) target price on adidas and gave the stock a “buy” rating in a research note on Thursday, September 26th. Warburg Research set a €250.00 ($290.70) target price on adidas and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada set a €300.00 ($348.84) target price on adidas and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. adidas has a consensus rating of “Hold” and an average target price of €268.67 ($312.40).
Shares of FRA ADS opened at €281.35 ($327.15) on Friday. The stock’s 50-day simple moving average is €275.40 and its two-hundred day simple moving average is €262.33. adidas has a twelve month low of €163.65 ($190.29) and a twelve month high of €201.01 ($233.73).
adidas Company Profile
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.
Further Reading: Channel Trading
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