Deutsche Bank set a €230.00 ($267.44) target price on adidas (FRA:ADS) in a research note released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other analysts have also issued research reports about the stock. DZ Bank reiterated a neutral rating on shares of Takkt in a research note on Monday, May 6th. Goldman Sachs Group upgraded Puxin from a neutral rating to a buy rating and boosted their price objective for the stock from $51.00 to $56.00 in a report on Friday, May 3rd. UBS Group set a €74.00 ($86.05) price objective on Bayerische Motoren Werke and gave the stock a neutral rating in a report on Thursday, July 4th. HSBC upgraded ELECTRICITE DE/ADR from a hold rating to a buy rating in a report on Tuesday, July 2nd. Finally, Warburg Research set a €250.00 ($290.70) price objective on adidas and gave the stock a neutral rating in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €251.58 ($292.53).
ADS opened at €278.95 ($324.36) on Tuesday. The firm’s 50 day moving average price is €269.38. adidas has a 52-week low of €163.65 ($190.29) and a 52-week high of €201.01 ($233.73).
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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