adidas (FRA:ADS) given a price target of €265.00 by analysts at Warburg Research

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adidas (ENG:ADS – Get a rating) was assigned a price target of €265.00 ($284.95) by stock analysts Warburg Research in a research note released Monday to investors, Borsen Zeitung reports. Warburg Research’s price target indicates a potential upside of 27.37% from the current stock price.

Several other research analysts have also weighed in on the company recently. Deutsche Bank Aktiengesellschaft set a price target of €340.00 ($365.59) on adidas in a research report on Wednesday, March 9. Jefferies Financial Group set a target price of €250.00 ($268.82) on adidas shares in a research report on Thursday. Goldman Sachs Group set a price target of €300.00 ($322.58) on adidas shares in a research report Thursday, March 10. UBS Group set a target price of €348.00 ($374.19) on adidas shares in a Tuesday, April 12 research note. Finally, Berenberg Bank set a price target of €320.00 ($344.09) on adidas in a Tuesday, February 1 report. Seven research analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, adidas currently has a consensus rating of “Hold” and an average price target of €296.56 ($318.88).

ADS stock was flat at €208.05 ($223.71) during Monday trading hours. The company’s shares had a trading volume of 571,959 shares. The company’s 50-day simple moving average is €209.93 and its 200-day simple moving average is €243.41. adidas has a 52 week low of €163.65 ($175.97) and a 52 week high of €201.01 ($216.14).

adidas Company Profile (Get an assessment)

adidas AG, together with its subsidiaries, designs, develops, distributes and markets athletic and sports lifestyle products worldwide. It offers shoes; clothes; and accessories and equipment, such as adidas-branded bags and balls. It sells its products in approximately 2,200 directly operated retail stores; single-brand franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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