adidas AG (FRA:ADS) Given Average Recommendation of “Hold” by Analysts

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adidas AG (FRA:ADS) has been assigned a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is €280.75 ($326.45).

Several equities analysts have recently commented on the stock. Credit Suisse Group set a €270.00 ($313.95) price objective on shares of adidas and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada set a €300.00 ($348.84) target price on adidas and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Berenberg Bank set a €315.00 ($366.28) target price on adidas and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley set a €230.00 ($267.44) price target on adidas and gave the company a “sell” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. set a €235.00 ($273.26) price target on adidas and gave the company a “neutral” rating in a research report on Wednesday, November 6th.

ADS stock traded up €3.05 ($3.55) during midday trading on Tuesday, hitting €278.10 ($323.37). The company had a trading volume of 464,777 shares. adidas has a 52 week low of €163.65 ($190.29) and a 52 week high of €201.01 ($233.73). The stock’s 50 day moving average price is €276.21 and its 200 day moving average price is €271.72.

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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