adidas (ETR:ADS) target price raised to 140.00EUR, issued a report today by Joh. Berenberg Gossler & Co. KG
- Updated: September 24, 2016
adidas (ETR:ADS) had its target price raised to 140.00EUR by Joh. Berenberg Gossler & Co. KG in a report released 9/23/2016. The new target price indicates a possible downside of -0.10% based on the company's last stock close price.
Previously on 09/22/2016, Joh. Berenberg Gossler & Co. KG reported about adidas (ETR:ADS) raised the target price from 0.00EUR to 140.00EUR. At the time, this indicated a possible downside of -0.10%.
Yesterday adidas (ETR:ADS) traded -0.49% lower at 154.80EUR. The company’s 50-day moving average is 211.09EUR and its 200-day moving average is 210.85EUR. The last stock close price is down 2.91% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 306,368 shares of the stock were exchanged, down from an average trading volume of 824,914
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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 27.01 The company’s market cap is currently 0 EUR.
In addition to Joh. Berenberg Gossler & Co. KG reporting its target price, a total of 22 firms have issued a report on the stock. The consensus target price is 259.14EUR with 7 firms rating the stock a strong buy, 14 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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