adidas AG (ADS) Receives €223.48 Consensus Price Target from Analysts

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Shares of adidas AG (FRA:ADS) have received an average recommendation of “Buy” from the twenty-six ratings firms that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is €223.48 ($259.86).

Several equities analysts recently issued reports on the company. Kepler Capital Markets set a €222.00 ($258.14) target price on adidas and gave the company a “buy” rating in a research report on Friday, August 10th. Commerzbank set a €236.00 ($274.42) target price on adidas and gave the company a “buy” rating in a research report on Friday, June 29th. Baader Bank set a €220.00 ($255.81) target price on adidas and gave the company a “buy” rating in a research report on Wednesday, July 4th. Hauck & Aufhaeuser set a €240.00 ($279.07) target price on adidas and gave the company a “buy” rating in a research report on Tuesday, July 3rd. Finally, Royal Bank of Canada set a €220.00 ($255.81) target price on adidas and gave the company a “buy” rating in a research report on Thursday, August 9th.

Shares of FRA ADS traded down €3.80 ($4.42) during mid-day trading on Friday, hitting €207.00 ($240.70). The stock had a trading volume of 817,890 shares. adidas has a twelve month low of €163.65 ($190.29) and a twelve month high of €201.01 ($233.73).

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.

See Also: Fundamental Analysis

Analyst Recommendations for adidas (FRA:ADS)

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