adidas (FRA:ADS – Get Rating) has been given a €260.00 ($273.68) price target by equities researchers at JPMorgan Chase & Co. in a report issued on Monday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 38.14% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Berenberg Bank set a €320.00 ($336.84) price objective on shares of adidas in a research note on Tuesday, February 1st. Baader Bank set a €190.00 ($200.00) price target on shares of adidas in a report on Friday. Warburg Research set a €265.00 ($278.95) price target on adidas in a report on Friday. UBS Group set a €348.00 ($366.32) price target on adidas in a report on Friday. Finally, Royal Bank of Canada set a €300.00 ($315.79) price target on adidas in a report on Friday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of €292.50 ($307.89).
Shares of FRA ADS opened at €188.22 ($198.13) on Monday. The firm’s fifty day moving average is €203.37 and its two-hundred day moving average is €238.33. adidas has a 52-week low of €163.65 ($172.26) and a 52-week high of €201.01 ($211.59).
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
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