Credit Suisse Group set a €270.00 ($313.95) price objective on adidas (FRA:ADS) in a research report report published on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other analysts have also recently issued reports on the stock. HSBC set a €300.00 ($348.84) price target on shares of adidas and gave the company a neutral rating in a report on Tuesday, July 2nd. UBS Group set a €268.00 ($311.63) price target on shares of adidas and gave the company a neutral rating in a report on Thursday, August 8th. Morgan Stanley reaffirmed a sell rating on shares of adidas in a report on Monday, September 16th. Deutsche Bank set a €240.00 ($279.07) price target on shares of adidas and gave the company a neutral rating in a report on Monday. Finally, Macquarie set a €330.00 ($383.72) price target on shares of adidas and gave the company a buy rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of €268.19 ($311.85).
Shares of ADS stock opened at €284.30 ($330.58) on Tuesday. The firm has a fifty day simple moving average of €274.32 and a 200-day simple moving average of €261.35. adidas has a twelve month low of €163.65 ($190.29) and a twelve 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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