adidas (FRA:ADS) has been assigned a €210.00 ($244.19) price target by investment analysts at Deutsche Bank in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Deutsche Bank’s target price suggests a potential downside of 8.56% from the stock’s current price.
A number of other equities research analysts have also recently commented on the company. Bank of America set a €225.00 ($261.63) target price on adidas and gave the stock a “buy” rating in a research note on Tuesday, March 19th. UBS Group set a €210.00 ($244.19) price objective on adidas and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Royal Bank of Canada set a €235.00 ($273.26) price objective on adidas and gave the company a “buy” rating in a research report on Monday, February 25th. Morgan Stanley set a €180.00 ($209.30) price objective on adidas and gave the company a “sell” rating in a research report on Thursday, January 24th. Finally, Warburg Research set a €220.00 ($255.81) price objective on adidas and gave the company a “neutral” rating in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. adidas has a consensus rating of “Buy” and an average target price of €226.42 ($263.28).
FRA ADS opened at €229.65 ($267.03) on Tuesday. adidas has a 12 month low of €163.65 ($190.29) and a 12 month 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. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
Read More: What is a Fiduciary?
Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.