Warburg Research set a €215.00 ($252.94) target price on adidas (FRA:ADS) in a research note released on Friday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other research analysts have also commented on ADS. JPMorgan Chase & Co. set a €235.00 ($276.47) price objective on adidas and gave the company a neutral rating in a report on Thursday, October 22nd. Baader Bank set a €305.00 ($358.82) price target on shares of adidas and gave the stock a buy rating in a research report on Wednesday, October 14th. Hauck & Aufhaeuser set a €280.00 ($329.41) price objective on shares of adidas and gave the company a neutral rating in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft set a €240.00 ($282.35) target price on shares of adidas and gave the stock a neutral rating in a research report on Friday, October 9th. Finally, Credit Suisse Group set a €240.00 ($282.35) price target on shares of adidas and gave the company a sell rating in a research report on Thursday, October 8th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of €259.50 ($305.29).
Shares of FRA:ADS opened at €274.00 ($322.35) on Friday. adidas has a 12-month low of €163.65 ($192.53) and a 12-month high of €201.01 ($236.48). The business has a 50 day moving average of €277.79 and a 200-day moving average of €245.53.
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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