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Goldman Sachs Group Inc. announced adidas (ETR:ADS), bumping up its stock price target to 181.00EUR today

Just yesterday adidas (ETR:ADS) traded -0.49% lower at 154.80EUR. adidas’s 50-day moving average is 211.09EUR and its 200-day moving average is 210.85EUR. The last closing price is down 2.91% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 306,368 shares of the stock were exchanged, down from an avg. volume of 824,914

In a report released on 9/23/2016 Goldman Sachs Group Inc. increased the stock price target of adidas (ETR:ADS) to 181.00EUR reporting a possible upside of 0.17%.

Previously on Thursday September 22, 2016, Joh. Berenberg Gossler & Co. KG reported on adidas (ETR:ADS) increased the target price from 0.00EUR to 140.00EUR. At the time, this indicated a possible downside of -0.10%.

Performance Chart

adidas (ETR:ADS)

With a total market value of 0 EUR, adidas has price-earnings ratio of 27.01 with a one year low of 176.63EUR and a one year high of 303.75EUR .

A total of 22 brokerages have reported on adidas. Seven equity analysts rating the company a strong buy, fourteen brokerages rating the stock a buy, 4 brokers rating the stock a hold, one equity analyst rating the company a underperform, and finally 0 firms rating the company a sell with a one year target of 259.14EUR.

More 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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