Warburg Research set a €280.00 ($325.58) price target on adidas (FRA:ADS) in a research note published on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other equities analysts have also recently weighed in on the company. BNP Paribas set a €285.00 ($331.40) price objective on adidas and gave the company a neutral rating in a report on Friday, October 4th. Macquarie set a €330.00 ($383.72) price objective on adidas and gave the company a buy rating in a report on Wednesday, October 9th. Independent Research set a €290.00 ($337.21) price objective on adidas and gave the company a neutral rating in a report on Thursday, August 8th. Credit Suisse Group set a €270.00 ($313.95) target price on shares of adidas and gave the company a neutral rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley reiterated a sell rating on shares of adidas in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of €270.10 ($314.06).
Shares of FRA ADS opened at €279.65 ($325.17) on Monday. The business has a 50-day moving average of €276.17 and a 200-day moving average of €263.27. adidas has a fifty-two week low of €163.65 ($190.29) and a fifty-two week 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.
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