adidas AG (ADS) Receives Average Rating of “Hold” from Analysts
adidas AG (FRA:ADS) has been given an average recommendation of “Hold” by the twenty ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is €229.05 ($266.34).
A number of research firms have recently issued reports on ADS. Deutsche Bank set a €230.00 ($267.44) price target on adidas and gave the company a “neutral” rating in a research report on Tuesday, May 7th. DZ Bank restated a “neutral” rating on shares of adidas in a research report on Monday, May 6th. Independent Research set a €250.00 ($290.70) price target on adidas and gave the company a “neutral” rating in a research report on Friday, May 3rd. Baader Bank set a €220.00 ($255.81) price target on adidas and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada set a €235.00 ($273.26) price target on adidas and gave the company a “buy” rating in a research report on Friday, May 3rd.
Shares of adidas stock traded up €2.65 ($3.08) during mid-day trading on Friday, reaching €253.10 ($294.30). 581,024 shares of the stock traded hands. adidas has a fifty-two week low of €163.65 ($190.29) and a fifty-two week high of €201.01 ($233.73).
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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