adidas (ADS) Given a €206.00 Price Target by Berenberg Bank Analysts
adidas (FRA:ADS) has been given a €206.00 ($239.53) price objective by analysts at Berenberg Bank in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 3.44% from the company’s previous close.
Several other research firms also recently issued reports on ADS. UBS Group set a €235.00 ($273.26) price objective on shares of adidas and gave the company a “buy” rating in a research note on Wednesday, October 31st. Deutsche Bank set a €210.00 ($244.19) target price on shares of adidas and gave the stock a “neutral” rating in a research note on Thursday, January 31st. Credit Suisse Group set a €235.00 ($273.26) target price on shares of adidas and gave the stock a “buy” rating in a research note on Wednesday, January 30th. HSBC set a €255.00 ($296.51) target price on shares of adidas and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, JPMorgan Chase & Co. set a €205.00 ($238.37) target price on shares of adidas and gave the stock a “neutral” rating in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. adidas currently has a consensus rating of “Buy” and a consensus target price of €224.09 ($260.57).
FRA ADS traded down €2.85 ($3.31) during trading hours on Thursday, hitting €199.15 ($231.57). The company had a trading volume of 301,082 shares. adidas has a 1-year low of €163.65 ($190.29) and a 1-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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