A statement released earlier today by Independent Research GmbH about adidas (ETR:ADS) bumps the target price to 125.00EUR
- Updated: November 26, 2016
Boasting a price of 139.10EUR, adidas (ETR:ADS) traded -0.15% lower on the day. With the last close down 11.09% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. adidas has recorded a 50-day average of 209.89EUR and a two hundred day average of 211.26EUR. Volume of trade was down over the average, with 192,892 shares of ADS changing hands under the typical 633,952
Independent Research GmbH bumped up the target of adidas (ETR:ADS) to 125.00EUR stating a potential downside of -0.10%.
On Saturday November 26, 2016, Independent Research GmbH released a statement on adidas (ETR:ADS) bumped up the target price from 0.00EUR to 125.00EUR that suggested a downside of -0.10%.
With a total market value of 0 EUR, adidas has price-earnings ratio of 24.80 with a one year low of 176.63EUR and a one year high of 290.30EUR .
A total of 22 analysts have released a research note on ADS. Seven analysts rating the company a strong buy, fourteen analysts rating the company a buy, four analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of 259.14EUR.
More 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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