adidas AG (FRA:ADS) Given Consensus Recommendation of “Buy” by Analysts

adidas AG (FRA:ADSGet Rating) has earned a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is €288.71 ($303.90).

A number of analysts have recently issued reports on ADS shares. Hauck and Aufhaeuser set a €285.00 ($300.00) price target on shares of adidas in a report on Thursday, April 21st. The Goldman Sachs Group set a €300.00 ($315.79) price objective on shares of adidas in a report on Friday, May 6th. Sanford C. Bernstein set a €350.00 ($368.42) price objective on shares of adidas in a report on Tuesday, March 15th. Berenberg Bank set a €255.00 ($268.42) price objective on shares of adidas in a report on Monday, May 9th. Finally, Baader Bank set a €190.00 ($200.00) price objective on shares of adidas in a report on Friday, May 6th.

Shares of FRA ADS opened at €180.96 ($190.48) on Friday. The firm’s 50-day moving average price is €201.27 and its 200-day moving average price is €235.70. adidas has a 52-week low of €163.65 ($172.26) and a 52-week high of €201.01 ($211.59).

adidas Company Profile (Get Rating)

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.

Further Reading

Analyst Recommendations for adidas (FRA:ADS)

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