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Independent Research GmbH covered adidas (ETR:ADS), bumping its target to 125.00EUR today

adidas (ETR:ADS) had its target bumped up to 125.00EUR by Independent Research GmbH in a report issued 11/26/2016. The updated stock price target implies a potential downside of -0.10% from the company's previous stock price.

On 11/25/2016, Independent Research GmbH released a statement for adidas (ETR:ADS) bumped up the target price from 0.00EUR to 125.00EUR. At the time, this indicated a possible downside of -0.10%.

Just yesterday adidas (ETR:ADS) traded -0.15% lower at 139.10EUR. The company’s 50-day moving average is 209.89EUR and its 200-day moving average is 211.26EUR. With the last close down 11.09% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 192,892 shares of ADS changing hands under the typical 633,952

See Chart Below

adidas (ETR:ADS)

adidas has one year low of 176.63EUR and a one year high of 290.30EUR with a price-earnings ratio of 24.80 and has a total market value of 0 EUR.

A total of 22 equity analysts have released a ratings update on the company. 7 brokers rating the stock a strong buy, 14 firms rating the stock a buy, 4 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally zero equity analysts 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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