adidas (ADS) Given a €220.00 Price Target by Macquarie Analysts

adidas (FRA:ADS) has been assigned a €220.00 ($261.90) price objective by equities researchers at Macquarie in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Macquarie’s target price would indicate a potential upside of 29.45% from the stock’s current price.

ADS has been the topic of several other research reports. Kepler Capital Markets set a €220.00 ($261.90) price objective on adidas and gave the stock a “buy” rating in a research report on Monday, September 25th. Independent Research set a €205.00 ($244.05) price objective on adidas and gave the stock a “neutral” rating in a research report on Thursday, November 9th. set a €231.00 ($275.00) price objective on adidas and gave the stock a “buy” rating in a research report on Tuesday, November 14th. J P Morgan Chase & Co set a €195.00 ($232.14) price objective on adidas and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Finally, Commerzbank set a €226.00 ($269.05) price objective on adidas and gave the stock a “buy” rating in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. adidas has an average rating of “Hold” and an average price target of €206.33 ($245.63).

Shares of adidas (FRA:ADS) opened at €169.95 ($202.32) on Friday. adidas has a 52-week low of €143.00 ($170.24) and a 52-week high of €201.01 ($239.30).

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adidas Company Profile

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 and Reebok brands. The company is also involved in wholesale, retail, and e-commerce business activities related to the distribution of adidas and Reebok products to retail and end customers.

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