Goldman Sachs Group set a €325.00 ($382.35) price target on adidas (FRA:ADS) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also commented on ADS. DZ Bank reaffirmed a sell rating on shares of adidas in a report on Wednesday, September 16th. Berenberg Bank set a €290.00 ($341.18) target price on adidas and gave the company a buy rating in a report on Friday, August 7th. Royal Bank of Canada set a €310.00 ($364.71) target price on adidas and gave the company a buy rating in a report on Friday, October 9th. Baader Bank set a €305.00 ($358.82) price objective on adidas and gave the stock a buy rating in a research report on Wednesday. Finally, Credit Suisse Group set a €240.00 ($282.35) price objective on adidas and gave the stock a sell rating in a research report on Thursday, October 8th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of €258.88 ($304.56).
FRA:ADS opened at €284.00 ($334.12) on Friday. The stock has a 50 day moving average of €272.89 and a 200-day moving average of €241.40. adidas has a 52 week low of €163.65 ($192.53) and a 52 week high of €201.01 ($236.48).
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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