Commerzbank Analysts Give Adidas (FRA:ADS) a €228.00 Price Target

Adidas (FRA:ADS) has been given a €228.00 ($281.48) price target by equities research analysts at Commerzbank in a research note issued to investors on Friday, March 23rd. The firm currently has a “buy” rating on the stock. Commerzbank’s target price would indicate a potential upside of 6.94% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Berenberg Bank set a €206.00 ($254.32) price target on shares of Adidas and gave the company a “neutral” rating in a research report on Thursday, March 22nd. Kepler Capital Markets set a €215.00 ($265.43) price target on shares of Adidas and gave the company a “buy” rating in a research report on Thursday, March 15th. Cfra set a €220.00 ($271.60) price target on shares of Adidas and gave the company a “buy” rating in a research report on Thursday, March 15th. Citigroup set a €220.00 ($271.60) price target on shares of Adidas and gave the company a “buy” rating in a research report on Thursday, March 15th. Finally, Deutsche Bank set a €205.00 ($253.09) price target on shares of Adidas and gave the company a “neutral” rating in a research report on Thursday, March 15th. Ten investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of €212.88 ($262.82).

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Shares of FRA:ADS traded up €2.50 ($3.09) during mid-day trading on Friday, hitting €213.20 ($263.21). The stock had a trading volume of 754,601 shares. Adidas has a 12-month low of €163.65 ($202.04) and a 12-month high of €201.01 ($248.16).

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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, 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.

Analyst Recommendations for Adidas (FRA:ADS)

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