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A report released today by Commerzbank AG about adidas (ETR:ADS) ups the target price to 150.00EUR

Yesterday adidas (ETR:ADS) traded 0.74% higher at 155.20EUR. The company’s 50-day moving average is 210.01EUR and its 200-day moving average is 210.90EUR. The last closing price is down 1.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 659,867 shares of the stock traded hands, down from an average trading volume of 778,334

In a report released on 9/29/2016 Commerzbank AG increased the stock price target of adidas (ETR:ADS) to 150.00EUR indicating a possible downside of -0.03%.

Previously on 09/28/2016, Bankhaus Lampe KG reported on adidas (ETR:ADS) increased the target price from 0.00EUR to 137.00EUR. At the time, this indicated a possible downside of -0.12%.

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adidas (ETR:ADS)

adidas has a 52 week low of 176.63EUR and a 52 week high of 303.75EUR with a P/E ratio of 26.71 The company’s market cap is currently 0 EUR.

Also covering adidas's target, a total of 22 brokerages have issued a ratings update on adidas. The 12-month price target is 259.14EUR with 7 brokers rating the company a strong buy, fourteen firms rating the stock a buy, four analysts rating the company a hold, 1 brokerage rating the stock a underperform, and lastly zero brokers rating the stock a sell.

General Information About adidas (ETR:ADS)

adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company's segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business. The TaylorMade-adidas Golf segment includes brands, such as TaylorMade, adidas Golf, Adams Golf and Ashworth. The Reebok-CCM Hockey segment designs, produces and distributes ice hockey equipment, such as sticks, skates and protection gear. It designs, produces and distributes apparel under Reebok Hockey and CCM brand names. The Runstastic segment operates in the digital and fitness space. The Other centrally managed business segment includes the business activities of the labels Y-3 and Porsche Design Sport by adidas, as well as business activities of the brand Five Ten in the outdoor action sports sector.

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