Nord/LB Reiterates “€198.00” Price Target for adidas (ADS)

Nord/LB set a €198.00 ($235.71) target price on adidas (FRA:ADS) in a research report released on Friday morning. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts also recently issued reports on ADS. Baader Bank set a €210.00 ($250.00) price objective on adidas and gave the stock a buy rating in a research note on Wednesday, September 27th. Independent Research set a €190.00 ($226.19) price objective on adidas and gave the stock a neutral rating in a research note on Tuesday. Macquarie set a €230.00 ($273.81) price objective on adidas and gave the stock a buy rating in a research note on Thursday, September 28th. Commerzbank set a €226.00 ($269.05) price objective on adidas and gave the stock a buy rating in a research note on Wednesday, September 27th. Finally, Warburg Research set a €205.00 ($244.05) price objective on adidas and gave the stock a neutral rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. adidas currently has an average rating of Hold and a consensus target price of €205.62 ($244.78).

Shares of adidas (FRA ADS) traded up €1.70 ($2.02) during trading on Friday, reaching €168.55 ($200.65). The company had a trading volume of 1,866 shares. The stock has a market cap of $35,170.00 and a P/E ratio of 25.65. adidas has a 1 year low of €143.00 ($170.24) and a 1 year 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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