adidas (ETR:ADS) target price raised to 120.00EUR, reported today by Citigroup Corp.
- Updated: October 17, 2016
Boasting a price of 155.70EUR, adidas (ETR:ADS) traded -1.58% lower on the day. With the last stock price close down -2.09% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. 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
adidas (ETR:ADS) had its stock price target increased to 120.00EUR by Citigroup Corp. in an issued report issued 10/17/2016. The upped stock price target implies a possible downside of -0.23% based on the company's most recent stock price close.
On Sunday October 16, 2016, Hauck & Aufhäuser Privatbankiers KGaA released a statement for adidas (ETR:ADS) bumped up the target price from 0.00EUR to 112.00EUR that suggested a downside of -0.29%.
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adidas has a 52 week low of 176.63EUR and a 52 week high of 303.75EUR with a P/E ratio of 25.70 The company’s market cap is currently 0 EUR.
In addition to Citigroup Corp. reporting its target price, a total of 22 brokerages have released a report on adidas. The 12-month price target is 259.14EUR with seven equity analysts rating the company a strong buy, fourteen analysts rating the company a buy, four analysts rating the company a hold, 1 firm rating the stock a underperform, and finally 0 brokerages rating the company a sell.
General Company Details For 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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