adidas (FRA:ADS) has been assigned a €275.00 ($319.77) price objective by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 5.85% from the company’s previous close.

A number of other research firms also recently issued reports on ADS. Warburg Research set a €220.00 ($255.81) price target on shares of adidas and gave the company a “neutral” rating in a research note on Thursday, March 21st. Goldman Sachs Group set a €245.00 ($284.88) price target on shares of adidas and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Kepler Capital Markets set a €222.00 ($258.14) price target on shares of adidas and gave the company a “buy” rating in a research note on Friday, April 5th. Credit Suisse Group set a €235.00 ($273.26) price target on shares of adidas and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, Hauck & Aufhaeuser set a €245.00 ($284.88) price target on shares of adidas and gave the company a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €233.79 ($271.85).

Shares of FRA:ADS opened at €259.80 ($302.09) on Wednesday. adidas has a fifty-two week low of €163.65 ($190.29) and a fifty-two week 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. 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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Analyst Recommendations for adidas (FRA:ADS)

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