adidas (FRA:ADS) received a €245.00 ($284.88) price objective from stock analysts at Hauck & Aufhaeuser in a research report issued to clients and investors on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Hauck & Aufhaeuser’s price objective would indicate a potential upside of 6.66% from the company’s current price.
A number of other brokerages also recently issued reports on ADS. UBS Group set a €240.00 ($279.07) price target on adidas and gave the company a “buy” rating in a report on Thursday, December 27th. Baader Bank set a €220.00 ($255.81) price target on adidas and gave the company a “buy” rating in a report on Wednesday, January 2nd. JPMorgan Chase & Co. set a €205.00 ($238.37) price target on adidas and gave the company a “neutral” rating in a report on Wednesday, March 13th. Goldman Sachs Group set a €240.00 ($279.07) price target on adidas and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Morgan Stanley set a €180.00 ($209.30) price target on adidas and gave the company a “sell” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. adidas has an average rating of “Buy” and an average price target of €226.42 ($263.28).
Shares of adidas stock opened at €229.70 ($267.09) on Monday. 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. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
Recommended Story: What does the Dow Jones Industrial Average (DJIA) measure?
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.