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adidas (ETR:ADS) target price raised to 166.00EUR, reported today by Kepler Cheuvreux

adidas (ETR:ADS) had its target price raised to 166.00EUR by Kepler Cheuvreux in a report released 10/1/2016. The increased target suggests a potential upside of 0.07% based on the company's previous closing price.

Previously on 9/30/2016, Kepler Cheuvreux reported on adidas (ETR:ADS) increased the target price from 0.00EUR to 166.00EUR. At the time, this indicated a possible upside of 0.07%.

Just yesterday adidas (ETR:ADS) traded 0.74% higher at 154.60EUR. adidas’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 Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 659,867 shares of ADS traded hands, down from an average trading volume of 778,334

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adidas (ETR:ADS)

adidas has 52 week low of 176.63EUR and a 52 week high of 303.75EUR with a PE ratio of 26.71 and has a market capitalization of 0 EUR.

In addition to Kepler Cheuvreux reporting its stock price target, a total of 22 brokers have issued a research note on the company. The average stock price target is 259.14EUR with 7 brokers rating the stock a strong buy, 14 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers 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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