adidas AG (FRA:ADS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $250.42 and traded as high as $271.95. adidas shares last traded at $270.50, with a volume of 484,573 shares changing hands.

ADS has been the subject of a number of research analyst reports. Pareto Securities set a €225.00 ($261.63) price objective on shares of adidas and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Hauck & Aufhaeuser set a €320.00 ($372.09) price objective on shares of adidas and gave the company a “buy” rating in a report on Friday, August 30th. Deutsche Bank set a €240.00 ($279.07) target price on shares of adidas and gave the stock a “neutral” rating in a research report on Monday, August 12th. HSBC set a €300.00 ($348.84) target price on shares of adidas and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Finally, Goldman Sachs Group set a €310.00 ($360.47) target price on shares of adidas and gave the stock a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of €262.20 ($304.88).

The business has a fifty day simple moving average of €270.84 and a 200-day simple moving average of €250.42.

About adidas (FRA:ADS)

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.

Further Reading: Example of operating income, EBIT and EBITDA

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