Goldman Sachs Group set a €310.00 ($360.47) target price on adidas (FRA:ADS) in a report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
ADS has been the topic of a number of other reports. Independent Research set a €290.00 ($337.21) price objective on shares of adidas and gave the company a neutral rating in a research note on Friday, June 28th. UBS Group set a €74.00 ($86.05) price objective on shares of Bayerische Motoren Werke and gave the company a neutral rating in a research note on Thursday, July 4th. JPMorgan Chase & Co. raised their price objective on shares of from GBX 385 ($5.03) to GBX 480 ($6.27) and gave the company an overweight rating in a research note on Wednesday, July 3rd. Deutsche Bank raised their price objective on shares of Facebook from $220.00 to $230.00 and gave the company a buy rating in a research note on Tuesday, July 16th. Finally, Warburg Research set a €250.00 ($290.70) price objective on shares of adidas and gave the company a neutral rating in a research note on Friday, May 24th. One equities 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 stock. The company has a consensus rating of Hold and a consensus price target of €251.58 ($292.53).
Shares of ADS stock opened at €278.95 ($324.36) on Thursday. adidas has a 52-week low of €163.65 ($190.29) and a 52-week high of €201.01 ($233.73). The firm has a 50 day simple moving average of €269.38.
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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