DZ Bank Reaffirms “Sell” Rating for adidas (FRA:ADS)

adidas (FRA:ADS)‘s stock had its “sell” rating reiterated by DZ Bank in a research report issued on Wednesday, Borsen Zeitung reports.

Other equities analysts also recently issued research reports about the company. Berenberg Bank set a €290.00 ($341.18) target price on adidas and gave the stock a “buy” rating in a research report on Friday, August 7th. Hauck & Aufhaeuser set a €275.00 ($323.53) target price on adidas and gave the stock a “buy” rating in a research report on Friday, August 7th. Warburg Research set a €215.00 ($252.94) target price on adidas and gave the stock a “sell” rating in a research report on Monday. Independent Research set a €205.00 ($241.18) target price on adidas and gave the stock a “sell” rating in a research report on Friday, August 7th. Finally, Deutsche Bank set a €235.00 ($276.47) price target on adidas and gave the company a “neutral” rating in a report on Wednesday, July 8th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of €251.39 ($295.75).

Shares of adidas stock traded up €3.20 ($3.76) during midday trading on Wednesday, hitting €279.00 ($328.24). 472,788 shares of the company were exchanged. adidas has a 52 week low of €163.65 ($192.53) and a 52 week high of €201.01 ($236.48). The firm has a 50 day simple moving average of €255.54 and a 200-day simple moving average of €231.16.

About adidas

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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Analyst Recommendations for adidas (FRA:ADS)

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