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adidas (ETR:ADS) target price raised to 120.00EUR, issued a report today by Citigroup Corp.

adidas (ETR:ADS) had its target bumped up to 120.00EUR by Citigroup Corp. in an issued report announced Tuesday October 18, 2016. The latest target price indicates a possible downside of -0.23% based on the company's most recent stock price close.

On 10/17/2016, Citigroup Corp. released a statement for adidas (ETR:ADS) bumped up the target price from 0.00EUR to 120.00EUR that suggested a downside of -0.23%.

Displaying a price of 155.70EUR, adidas (ETR:ADS) traded -1.58% lower on the day. With the last close down -2.09% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. adidas has recorded a 50-day average of 211.89EUR and a two hundred day average of 210.85EUR. Volume of trade was down over the average, with 506,805 shares of ADS changing hands under the typical 712,520

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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 PE ratio of 25.70 adidas’s market capitalization is currently 0 EUR.

Also covering adidas's price target, a total of 22 equity analysts have released a ratings update on ADS. The one year target is 259.14EUR with seven equity analysts rating the company a strong buy, fourteen firms rating the stock a buy, 4 firms rating the stock a hold, one brokerage rating the company a underperform, and lastly zero brokerages rating the stock a sell.

Brief Synopsis On 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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