Credit Suisse Group set a €235.00 ($273.26) price objective on adidas (FRA:ADS) in a report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities analysts have also recently issued reports on ADS. Warburg Research set a €220.00 ($255.81) price objective on adidas and gave the company a neutral rating in a report on Thursday, December 27th. Baader Bank set a €220.00 ($255.81) price objective on adidas and gave the company a buy rating in a report on Thursday, December 27th. UBS Group set a €240.00 ($279.07) price objective on adidas and gave the company a buy rating in a report on Thursday, December 27th. HSBC set a €255.00 ($296.51) price objective on adidas and gave the company a buy rating in a report on Monday, January 7th. Finally, Royal Bank of Canada reissued a buy rating on shares of adidas in a report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of €226.42 ($263.28).
Shares of ADS stock traded up €0.45 ($0.52) on Thursday, hitting €229.20 ($266.51). The company had a trading volume of 506,082 shares. adidas has a twelve month low of €163.65 ($190.29) and a twelve month 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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