adidas (FRA:ADS) Given a €220.00 Price Target by Baader Bank Analysts
adidas (FRA:ADS) has been given a €220.00 ($271.60) price target by investment analysts at Baader Bank in a research report issued to clients and investors on Wednesday, January 3rd. The firm currently has a “buy” rating on the stock. Baader Bank’s target price indicates a potential upside of 19.37% from the stock’s current price.
ADS has been the subject of a number of other reports. Macquarie set a €230.00 ($283.95) target price on adidas and gave the company a “buy” rating in a report on Monday, November 13th. Kepler Capital Markets set a €215.00 ($265.43) price objective on adidas and gave the company a “buy” rating in a research note on Tuesday, December 19th. Independent Research set a €205.00 ($253.09) price objective on adidas and gave the company a “neutral” rating in a research note on Thursday, November 9th. set a €231.00 ($285.19) price objective on adidas and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, JPMorgan Chase & Co. set a €195.00 ($240.74) price objective on adidas and gave the company a “neutral” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of €206.91 ($255.44).
Shares of adidas (ADS) traded down €0.20 ($0.25) during trading on Wednesday, reaching €184.30 ($227.53). The company had a trading volume of 534,401 shares. adidas has a 12 month low of €143.00 ($176.54) and a 12 month high of €201.01 ($248.16). The stock has a market cap of $38,490.00 and a PE 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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