UBS Group restated their buy rating on shares of adidas (FRA:ADS) in a report published on Wednesday morning, www.boersen-zeitung.de reports.
A number of other research analysts have also recently commented on the stock. Royal Bank of Canada set a €235.00 ($273.26) price target on shares of adidas and gave the stock a buy rating in a research note on Wednesday. JPMorgan Chase & Co. set a €205.00 ($238.37) target price on shares of adidas and gave the company a neutral rating in a research note on Wednesday. Macquarie set a €260.00 ($302.33) target price on shares of adidas and gave the company a buy rating in a research note on Monday. HSBC set a €255.00 ($296.51) target price on shares of adidas and gave the company a buy rating in a research note on Monday. Finally, Berenberg Bank set a €207.00 ($240.70) target price on shares of adidas and gave the company a neutral rating in a research note on Tuesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of €224.88 ($261.48).
ADS traded down €2.95 ($3.43) during midday trading on Wednesday, reaching €198.75 ($231.10). 687,727 shares of the company’s stock were exchanged. adidas has a one year low of €163.65 ($190.29) and a one year high of €201.01 ($233.73).
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.
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