adidas (FRA:ADS) has been given a €280.00 ($325.58) price objective by stock analysts at Credit Suisse Group in a note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 1.93% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. set a €225.00 ($261.63) price objective on shares of adidas and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Hauck & Aufhaeuser set a €320.00 ($372.09) price objective on shares of adidas and gave the stock a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank set a €230.00 ($267.44) price objective on shares of adidas and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Warburg Research set a €250.00 ($290.70) price objective on shares of adidas and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, DZ Bank reissued a “neutral” rating on shares of adidas in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of €258.68 ($300.80).
Shares of ADS stock traded up €4.85 ($5.64) on Wednesday, reaching €274.70 ($319.42). 549,478 shares of the company were exchanged. The firm has a 50-day simple moving average of €277.41. adidas has a one year low of €163.65 ($190.29) and a one year 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.
Recommended Story: Growth and Income Funds
Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.