adidas AG (ADS) Receives €205.76 Consensus Price Target from Brokerages

Shares of adidas AG (FRA:ADS) have been given an average recommendation of “Hold” by the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is €205.76 ($244.95).

A number of equities analysts have commented on ADS shares. Macquarie set a €230.00 ($273.81) target price on shares of adidas and gave the stock a “buy” rating in a research note on Monday, November 13th. Kepler Capital Markets set a €215.00 ($255.95) target price on shares of adidas and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Baader Bank set a €220.00 ($261.90) price objective on shares of adidas and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Independent Research set a €205.00 ($244.05) price objective on shares of adidas and gave the company a “neutral” rating in a research note on Thursday, November 9th. Finally, set a €231.00 ($275.00) price objective on shares of adidas and gave the company a “buy” rating in a research note on Tuesday, November 14th.

Shares of adidas (FRA:ADS) remained flat at $€182.80 ($217.62) during mid-day trading on Friday. The stock had a trading volume of 1,121,036 shares. The firm has a market capitalization of $38,480.00 and a P/E ratio of 27.82. adidas has a 12 month low of €143.00 ($170.24) and a 12 month high of €201.01 ($239.30).

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About adidas

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 and Reebok brands. The company is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.

Analyst Recommendations for adidas (FRA:ADS)

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