adidas (FRA:ADS) Given a €240.00 Price Target at Credit Suisse Group

adidas (FRA:ADS) has been assigned a €240.00 ($282.35) price target by research analysts at Credit Suisse Group in a report released on Monday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Credit Suisse Group’s price target points to a potential downside of 14.83% from the stock’s previous close.

A number of other analysts also recently commented on the company. Baader Bank set a €305.00 ($358.82) price objective on adidas and gave the stock a “buy” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft set a €240.00 ($282.35) price target on adidas and gave the company a “neutral” rating in a report on Friday, October 9th. Kepler Capital Markets set a €270.00 ($317.65) price target on adidas and gave the company a “buy” rating in a report on Wednesday, September 23rd. Independent Research set a €205.00 ($241.18) price target on adidas and gave the company a “sell” rating in a report on Friday, August 7th. Finally, DZ Bank reiterated a “sell” rating on shares of adidas in a report on Wednesday, September 16th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of €259.50 ($305.29).

Shares of ADS stock traded down €0.30 ($0.35) on Monday, reaching €281.80 ($331.53). 367,145 shares of the stock were exchanged. The firm has a 50 day moving average of €276.79 and a two-hundred day moving average of €244.25. adidas has a 1-year low of €163.65 ($192.53) and a 1-year high of €201.01 ($236.48).

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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