adidas (FRA:ADS) has been assigned a €207.00 ($240.70) target price by research analysts at Berenberg Bank in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 2.78% from the company’s current price.
A number of other research analysts have also recently commented on the company. DZ Bank restated a “buy” rating on shares of adidas in a research report on Friday, August 10th. Credit Suisse Group set a €247.00 ($287.21) price target on adidas and gave the stock a “buy” rating in a research report on Thursday, August 9th. HSBC set a €255.00 ($296.51) price target on adidas and gave the stock a “buy” rating in a research report on Thursday, September 6th. JPMorgan Chase & Co. set a €205.00 ($238.37) price target on adidas and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Finally, UBS Group set a €235.00 ($273.26) price target on adidas and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. adidas currently has a consensus rating of “Buy” and a consensus target price of €224.88 ($261.48).
ADS stock opened at €201.40 ($234.19) on Tuesday. adidas has a fifty-two week low of €163.65 ($190.29) and a fifty-two week high of €201.01 ($233.73).
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.
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