adidas (FRA:ADS) has been given a €211.00 ($260.49) price target by research analysts at Independent Research in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective suggests a potential upside of 7.87% from the stock’s previous close.
A number of other research analysts have also weighed in on ADS. Baader Bank set a €220.00 ($271.60) price target on shares of adidas and gave the company a “buy” rating in a research note on Friday. UBS set a €225.00 ($277.78) price target on shares of adidas and gave the company a “buy” rating in a research note on Wednesday, March 14th. DZ Bank reaffirmed a “buy” rating on shares of adidas in a research note on Wednesday, March 14th. Commerzbank set a €226.00 ($279.01) price objective on shares of adidas and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Finally, equinet set a €211.00 ($260.49) price objective on shares of adidas and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Ten research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of €212.88 ($262.82).
adidas (FRA ADS) opened at €195.60 ($241.48) on Friday. adidas has a one year low of €163.65 ($202.04) and a one year high of €201.01 ($248.16). The firm has a market cap of $40,930.00 and a P/E ratio of 29.64.
adidas Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas and Reebok brands. The company is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.
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