Commerzbank AG announced adidas (ETR:ADS), boosting its stock price target to 150.00EUR today
- Updated: September 28, 2016
Only yesterday adidas (ETR:ADS) traded 0.35% higher at 155.20EUR. ADS’s 50-day average is 210.51EUR and its 200-day moving average is 210.86EUR. With the last closing price down 1.59% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 623,784 shares of ADS changing hands under the typical 799,072
In a report released on Wednesday September 28, 2016 Commerzbank AG increased the stock price target of adidas (ETR:ADS) to 150.00EUR reporting a possible downside of -0.03%.
Previously on 9/27/2016, Kepler Cheuvreux released a statement about adidas (ETR:ADS) increased the target price from 0.00EUR to 166.00EUR. At the time, this indicated a possible upside of 0.08%.
With a total market value of 0 EUR, adidas has PE ratio of 26.67 with a one year low of 176.63EUR and a one year high of 303.75EUR .
A total of 22 brokerages have released a report on adidas. Seven brokerages rating the company a strong buy, fourteen brokerages rating the company a buy, four brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of 259.14EUR.
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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