adidas (FRA:ADS – Get Rating) has been given a €173.00 ($178.35) price objective by equities researchers at UBS Group in a note issued to investors on Thursday, Borsen Zeitung reports. UBS Group’s target price indicates a potential upside of 0.84% from the company’s previous close.
A number of other research firms have also issued reports on ADS. JPMorgan Chase & Co. set a €215.00 ($221.65) target price on adidas in a report on Monday, July 25th. The Goldman Sachs Group set a €220.00 ($226.80) price target on adidas in a research note on Wednesday, July 27th. Baader Bank set a €190.00 ($195.88) price target on adidas in a research note on Wednesday, July 27th. Berenberg Bank set a €255.00 ($262.89) price target on adidas in a research note on Monday, May 9th. Finally, Royal Bank of Canada set a €190.00 ($195.88) price target on adidas in a research note on Wednesday, July 27th.
adidas Trading Down 2.1 %
FRA:ADS opened at €171.56 ($176.87) on Thursday. The stock has a fifty day moving average price of €171.29 and a 200 day moving average price of €196.35. adidas has a 12-month low of €163.65 ($168.71) and a 12-month high of €201.01 ($207.23).
adidas Company Profile
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
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