Independent Research set a €220.00 ($255.81) price target on adidas (FRA:ADS) in a research report sent to investors on Wednesday. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley set a €180.00 ($209.30) target price on shares of adidas and gave the stock a sell rating in a report on Thursday, January 24th. UBS Group set a €240.00 ($279.07) target price on shares of adidas and gave the stock a buy rating in a report on Wednesday, January 2nd. Royal Bank of Canada set a €235.00 ($273.26) price objective on shares of adidas and gave the company a buy rating in a report on Monday, February 25th. Warburg Research set a €220.00 ($255.81) price objective on shares of adidas and gave the company a neutral rating in a report on Thursday, December 27th. Finally, Goldman Sachs Group set a €240.00 ($279.07) price objective on shares of adidas and gave the company a buy rating in a report on Friday, February 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. adidas has a consensus rating of Buy and a consensus target price of €222.86 ($259.14).

adidas stock opened at €210.70 ($245.00) on Wednesday. adidas has a 12-month low of €163.65 ($190.29) and a 12-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.

Featured Article: Discount Rate

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.