adidas (FRA:ADS) Given a €230.00 Price Target at Deutsche Bank
Deutsche Bank set a €230.00 ($267.44) price target on adidas (FRA:ADS) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts have also recently issued reports on the stock. Hauck & Aufhaeuser set a €78.00 ($90.70) price objective on shares of Hugo Boss and gave the company a buy rating in a research note on Friday, May 3rd. Royal Bank of Canada cut their price objective on shares of Analog Devices from $140.00 to $120.00 and set an outperform rating for the company in a research note on Wednesday, May 22nd. Kepler Capital Markets set a €26.00 ($30.23) price objective on shares of Rocket Internet and gave the company a buy rating in a research note on Friday, April 5th. DZ Bank reiterated a neutral rating on shares of Takkt in a report on Monday, May 6th. Finally, Goldman Sachs Group upgraded shares of Puxin from a neutral rating to a buy rating and upped their price target for the company from $51.00 to $56.00 in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. adidas presently has a consensus rating of Hold and an average target price of €245.79 ($285.80).
Shares of adidas stock traded down €0.40 ($0.47) during trading on Wednesday, reaching €278.25 ($323.55). The company’s stock had a trading volume of 366,885 shares. adidas has a 52-week low of €163.65 ($190.29) and a 52-week high of €201.01 ($233.73). The firm has a 50-day simple moving average of €266.37.
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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