Credit Suisse Group set a €240.00 ($282.35) price target on adidas (FRA:ADS) in a research report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other equities research analysts also recently weighed in on the company. Independent Research set a €205.00 ($241.18) price objective on adidas and gave the company a sell rating in a report on Friday, August 7th. Kepler Capital Markets set a €270.00 ($317.65) target price on shares of adidas and gave the company a buy rating in a research note on Wednesday, September 23rd. The Goldman Sachs Group set a €325.00 ($382.35) target price on shares of adidas and gave the company a buy rating in a research note on Friday, October 16th. Warburg Research set a €215.00 ($252.94) target price on shares of adidas and gave the company a sell rating in a research note on Friday, October 23rd. Finally, DZ Bank reiterated a sell rating on shares of adidas in a research note on Wednesday, September 16th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. adidas presently has a consensus rating of Hold and an average price target of €259.50 ($305.29).
FRA ADS opened at €258.80 ($304.47) on Monday. The stock’s 50 day moving average is €278.26 and its two-hundred day moving average is €246.27. adidas has a 1-year low of €163.65 ($192.53) and a 1-year high of €201.01 ($236.48).
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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