adidas (FRA:ADS) PT Set at €205.00 by Warburg Research
adidas (FRA:ADS) has been assigned a €205.00 ($253.09) target price by stock analysts at Warburg Research in a report issued on Wednesday, January 3rd. The brokerage presently has a “neutral” rating on the stock. Warburg Research’s price objective suggests a potential upside of 11.23% from the stock’s previous close.
Several other analysts also recently issued reports on the company. Macquarie set a €220.00 ($271.60) price objective on adidas and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Baader Bank set a €220.00 ($271.60) price objective on adidas and gave the company a “buy” rating in a research report on Thursday, December 28th. Kepler Capital Markets set a €215.00 ($265.43) price objective on adidas and gave the company a “buy” rating in a research report on Tuesday, December 19th. UBS Group set a €225.00 ($277.78) price objective on adidas and gave the company a “buy” rating in a research report on Wednesday, December 6th. Finally, set a €231.00 ($285.19) price objective on adidas and gave the company a “buy” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €206.91 ($255.44).
adidas (FRA ADS) traded down €0.20 ($0.25) on Wednesday, reaching €184.30 ($227.53). The company’s stock had a trading volume of 534,401 shares. adidas has a one year low of €143.00 ($176.54) and a one year high of €201.01 ($248.16). The stock has a market capitalization of $38,490.00 and a P/E ratio of 27.97.
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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 and Reebok brands. The company is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.
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