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Baader Wertpapierhandelsbank announced adidas (ETR:ADS), bumping up its stock price target to 160.00EUR today

Just yesterday adidas (ETR:ADS) traded 2.24% higher at 157.65EUR. adidas’s 50-day moving average is 212.24EUR and its 200-day moving average is 210.78EUR. The last closing price is down 0.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 461,167 shares of ADS traded hands, down from an average trading volume of 707,702

In a report released on 10/19/2016 Baader Wertpapierhandelsbank increased the stock price target of adidas (ETR:ADS) to 160.00EUR reporting a possible upside of 0.01%.

Previously on 10/18/2016, Baader Wertpapierhandelsbank reported on adidas (ETR:ADS) increased the target price from 0.00EUR to 160.00EUR. At the time, this indicated a possible upside of 0.01%.

Recent Performance Chart

adidas (ETR:ADS)

adidas has 52 week low of 176.63EUR and a 52 week high of 303.75EUR with a PE ratio of 26.28 and has a market capitalization of 0 EUR.

In addition to Baader Wertpapierhandelsbank reporting its stock price target, a total of 22 brokers have issued a research note on adidas. The 12-month price target is 259.14EUR with seven analysts rating the company 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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