adidas (FRA:ADS) has been assigned a €340.00 ($400.00) price target by research analysts at Royal Bank of Canada in a report released on Tuesday, Borsen Zeitung reports. Royal Bank of Canada’s price target indicates a potential upside of 19.57% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Warburg Research set a €290.00 ($341.18) price target on adidas in a research report on Friday, August 13th. The Goldman Sachs Group set a €360.00 ($423.53) price target on adidas in a research report on Friday, September 10th. Kepler Capital Markets set a €317.00 ($372.94) price target on adidas in a research report on Friday, August 13th. Oddo Bhf set a €352.00 ($414.12) price target on adidas in a research report on Wednesday, September 8th. Finally, Berenberg Bank set a €360.00 ($423.53) target price on adidas in a research note on Monday, September 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of €321.18 ($377.85).
ADS stock opened at €284.35 ($334.53) on Tuesday. adidas has a 1-year low of €163.65 ($192.53) and a 1-year high of €201.01 ($236.48). The stock’s fifty day simple moving average is €306.36 and its two-hundred day simple moving average is €293.79.
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. The company operates through ten segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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