adidas (FRA:ADS) has been given a €236.00 ($274.42) price target by research analysts at Commerzbank in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Commerzbank’s price objective suggests a potential upside of 13.90% from the stock’s current price.

A number of other equities research analysts have also weighed in on ADS. Kepler Capital Markets set a €222.00 ($258.14) price objective on adidas and gave the company a “buy” rating in a report on Friday, June 29th. Hauck & Aufhaeuser set a €240.00 ($279.07) price objective on adidas and gave the company a “buy” rating in a report on Tuesday, July 3rd. HSBC set a €240.00 ($279.07) price objective on adidas and gave the company a “buy” rating in a report on Tuesday, July 3rd. Baader Bank set a €220.00 ($255.81) price objective on adidas and gave the company a “buy” rating in a report on Wednesday, July 4th. Finally, Macquarie set a €240.00 ($279.07) price target on shares of adidas and gave the company a “buy” rating in a research report on Wednesday, July 11th. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. adidas has a consensus rating of “Buy” and an average price target of €224.04 ($260.51).

Shares of ADS opened at €207.20 ($240.93) on Friday. adidas has a twelve month low of €163.65 ($190.29) and a twelve month high of €201.01 ($233.73).

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.

Further Reading: How to Use a Moving Average for Trading 

Analyst Recommendations for adidas (FRA:ADS)

Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.