adidas (ADS) PT Set at €235.00 by UBS Group

adidas (FRA:ADS) received a €235.00 ($273.26) target price from equities researchers at UBS Group in a research report issued on Wednesday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 16.97% from the stock’s current price.

Several other brokerages have also recently commented on ADS. Warburg Research set a €220.00 ($255.81) price target on shares of adidas and gave the stock a “neutral” rating in a research report on Wednesday, August 29th. Hauck & Aufhaeuser set a €240.00 ($279.07) price target on shares of adidas and gave the stock a “buy” rating in a research report on Thursday, September 27th. Macquarie set a €260.00 ($302.33) price target on shares of adidas and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Royal Bank of Canada set a €235.00 ($273.26) price target on shares of adidas and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, Credit Suisse Group set a €247.00 ($287.21) price target on shares of adidas and gave the stock a “buy” rating in a research report on Thursday, August 9th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of €224.60 ($261.16).

Shares of FRA:ADS opened at €200.90 ($233.60) on Wednesday. adidas has a one year low of €163.65 ($190.29) and a one year high of €201.01 ($233.73).

About adidas

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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