Credit Suisse Group set a €270.00 ($313.95) price objective on adidas (FRA:ADS) in a report released on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms also recently issued reports on ADS. Warburg Research set a €280.00 ($325.58) price objective on adidas and gave the stock a neutral rating in a report on Wednesday, January 1st. Hauck & Aufhaeuser set a €320.00 ($372.09) price objective on adidas and gave the stock a buy rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. set a €235.00 ($273.26) price objective on adidas and gave the stock a neutral rating in a report on Wednesday, November 6th. DZ Bank reiterated a neutral rating on shares of adidas in a report on Tuesday, January 7th. Finally, Independent Research set a €295.00 ($343.02) price objective on adidas and gave the stock a neutral rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of €282.75 ($328.78).
ADS opened at €314.55 ($365.76) on Monday. The stock has a fifty day simple moving average of €294.36 and a two-hundred day simple moving average of €279.52. adidas has a 12-month low of €163.65 ($190.29) and a 12-month high of €201.01 ($233.73).
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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