Adidas (FRA:ADS) Given a €211.00 Price Target at Independent Research

Adidas (FRA:ADS) has been assigned a €211.00 ($260.49) target price by research analysts at Independent Research in a research report issued on Friday, March 23rd. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price target would indicate a potential downside of 1.03% from the stock’s previous close.

Several other research firms have also weighed in on ADS. Baader Bank set a €220.00 ($271.60) price objective on shares of Adidas and gave the stock a “buy” rating in a research note on Friday, March 23rd. Berenberg Bank set a €206.00 ($254.32) price objective on shares of Adidas and gave the stock a “neutral” rating in a research note on Thursday, March 22nd. Commerzbank set a €228.00 ($281.48) price objective on shares of Adidas and gave the stock a “buy” rating in a research note on Friday, March 23rd. Cfra set a €220.00 ($271.60) price objective on shares of Adidas and gave the stock a “buy” rating in a research note on Thursday, March 15th. Finally, Kepler Capital Markets set a €215.00 ($265.43) price objective on shares of Adidas and gave the stock a “buy” rating in a research note on Thursday, March 15th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of €212.88 ($262.82).

Adidas stock traded up €2.50 ($3.09) during midday trading on Friday, hitting €213.20 ($263.21). 754,601 shares of the stock were exchanged. Adidas has a 52 week low of €163.65 ($202.04) and a 52 week high of €201.01 ($248.16).

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Adidas Company Profile

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.

Analyst Recommendations for Adidas (FRA:ADS)

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