Deutsche Bank set a €230.00 ($267.44) price objective on adidas (FRA:ADS) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other research analysts have also recently issued reports about the company. HSBC raised ELECTRICITE DE/ADR from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Baader Bank set a €67.00 ($77.91) target price on Hugo Boss and gave the stock a buy rating in a research report on Thursday, May 23rd. Kepler Capital Markets set a €26.00 ($30.23) price objective on Rocket Internet and gave the company a buy rating in a research report on Friday, April 5th. Independent Research set a €290.00 ($337.21) price objective on adidas and gave the company a neutral rating in a research report on Friday, June 28th. Finally, Hauck & Aufhaeuser set a €78.00 ($90.70) price objective on Hugo Boss and gave the company a buy rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of €251.58 ($292.53).
Shares of FRA:ADS opened at €281.45 ($327.27) on Tuesday. The stock has a 50-day moving average price of €268.96. adidas has a 52-week low of €163.65 ($190.29) and a 52-week high of €201.01 ($233.73).
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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