Warburg Research Analysts Give adidas (FRA:ADS) a €215.00 Price Target
Warburg Research set a €215.00 ($252.94) price objective on adidas (FRA:ADS) in a research note released on Monday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. set a €215.00 ($252.94) price target on adidas and gave the company a neutral rating in a report on Thursday, August 6th. Baader Bank set a €270.00 ($317.65) target price on adidas and gave the stock a buy rating in a research note on Thursday, August 6th. Credit Suisse Group set a €198.00 ($232.94) target price on adidas and gave the stock a sell rating in a research note on Friday, August 7th. Royal Bank of Canada set a €260.00 ($305.88) target price on adidas and gave the stock a buy rating in a research note on Thursday, August 6th. Finally, Deutsche Bank set a €235.00 ($276.47) target price on adidas and gave the stock a neutral rating in a research note on Wednesday, July 8th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of €251.39 ($295.75).
Shares of FRA:ADS opened at €282.90 ($332.82) on Monday. adidas has a 12-month low of €163.65 ($192.53) and a 12-month high of €201.01 ($236.48). The business’s fifty day simple moving average is €256.34 and its 200-day simple moving average is €231.25.
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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