Independent Research set a €295.00 ($343.02) target price on adidas (FRA:ADS) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also issued reports on ADS. Morgan Stanley set a €230.00 ($267.44) target price on adidas and gave the company a sell rating in a report on Tuesday, October 22nd. DZ Bank reaffirmed a neutral rating on shares of adidas in a report on Friday, October 11th. Hauck & Aufhaeuser set a €320.00 ($372.09) target price on adidas and gave the company a buy rating in a report on Thursday, September 26th. Deutsche Bank set a €240.00 ($279.07) target price on adidas and gave the company a neutral rating in a report on Monday, October 14th. Finally, Goldman Sachs Group set a €310.00 ($360.47) price objective on adidas and gave the stock a buy rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. adidas has an average rating of Hold and a consensus target price of €274.42 ($319.09).
ADS opened at €272.00 ($316.28) on Wednesday. The stock’s 50 day moving average price is €277.47 and its two-hundred day moving average price is €267.72. adidas has a 12-month low of €163.65 ($190.29) and a 12-month 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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