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Bankhaus Lampe KG issued a report on adidas (ETR:ADS), upping its stock price target to 137.00EUR today

In a report released on Thursday September 29, 2016 Bankhaus Lampe KG increased the stock price target of adidas (ETR:ADS) to 137.00EUR reporting a possible downside of -0.12%.

Previously on Wednesday September 28, 2016, Bankhaus Lampe KG released a statement about adidas (ETR:ADS) increased the target price from 0.00EUR to 137.00EUR. At the time, this indicated a possible downside of -0.12%.

Just yesterday adidas (ETR:ADS) traded 0.35% higher at 155.20EUR. adidas’s 50-day moving average is 210.51EUR and its 200-day moving average is 210.86EUR. The last stock price is down 1.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 623,784 shares of ADS traded hands, down from an average trading volume of 799,072

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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 P/E ratio of 26.67 ADS’s total market value is presently 0 EUR.

A total of 22 equity analysts have reported on the stock. 7 brokerages rating the company a strong buy, 14 brokers rating the stock a buy, four firms rating the stock a hold, one analyst rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of 259.14EUR.

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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