adidas (ETR:ADS) Rating Upgrade
In an analyst report made public today, Kepler Cheuvreux raised shares of adidas (ETR:ADS) to Buy rating. The firm currently has a EUR 166.00 PT on the stock. Kepler Cheuvreux’s PT means a potential upside of 10.93 % from the stock’s close price.
The stock upgrade is well-received by stock investors, as ETR:ADS is now trading 0.03% higher at EUR 149.70 as of 3:49 PM Frankfurt time. adidas shares have [From2] 0% over the past 200 days, while the S&P500 Index has gained 10.64% during the same time.
adidas (ETR:ADS) Profile
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.
adidas (ETR:ADS) traded up 0.03% on 29 October, hitting EUR 149.7. A total of 598,484 shares of the company’s stock traded hands. This is down from average of 1.04 million shares. adidas has a 52 week low of EUR 79.62 and a 52 week high of EUR 160.3. The company has a market cap of 31.32 billion EUR and a P/E ratio of 32.34.
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