adidas AG (ADS) Given Average Recommendation of “Buy” by Analysts

adidas AG (FRA:ADS) has been assigned a consensus rating of “Buy” from the twenty research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is €226.42 ($263.28).

ADS has been the topic of a number of recent research reports. Morgan Stanley set a €180.00 ($209.30) target price on adidas and gave the stock a “sell” rating in a research note on Tuesday, March 26th. Hauck & Aufhaeuser set a €245.00 ($284.88) target price on adidas and gave the stock a “buy” rating in a research note on Friday, April 5th. HSBC set a €255.00 ($296.51) target price on adidas and gave the stock a “buy” rating in a research note on Friday, January 25th. Macquarie set a €265.00 ($308.14) target price on adidas and gave the stock a “buy” rating in a research note on Thursday, January 17th. Finally, UBS Group set a €210.00 ($244.19) target price on adidas and gave the stock a “neutral” rating in a research note on Friday, February 1st.

Shares of FRA ADS traded up €2.70 ($3.14) during trading hours on Monday, reaching €232.15 ($269.94). 847,375 shares of the stock were exchanged. adidas has a 52 week low of €163.65 ($190.29) and a 52 week high of €201.01 ($233.73).

About adidas

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.

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Analyst Recommendations for adidas (FRA:ADS)

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