adidas (FRA:ADS) has been given a €290.00 ($337.21) target price by analysts at Independent Research in a report released on Friday, June 28th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price objective would suggest a potential upside of 3.96% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Warburg Research set a €250.00 ($290.70) price objective on shares of adidas and gave the stock a “neutral” rating in a research report on Friday, May 24th. Goldman Sachs Group raised shares of Puxin from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $56.00 in a research report on Friday, May 3rd. UBS Group set a $125.00 price objective on shares of Caterpillar and gave the stock a “sell” rating in a research report on Friday, May 3rd. Royal Bank of Canada reduced their target price on shares of Analog Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Finally, DZ Bank reissued a “neutral” rating on shares of Takkt in a research report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of €251.58 ($292.53).
ADS traded down €2.90 ($3.37) during trading on Friday, reaching €278.95 ($324.36). 553,248 shares of the stock were exchanged. adidas has a twelve month low of €163.65 ($190.29) and a twelve month high of €201.01 ($233.73). The business’s 50 day moving average price is €269.38.
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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