adidas (FRA:ADS) Stock Passes Above 200 Day Moving Average of $240.10

adidas AG (FRA:ADS)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $240.10 and traded as high as $242.80. adidas shares last traded at $234.20, with a volume of 682,357 shares.

Several brokerages have issued reports on ADS. Warburg Research set a €215.00 ($241.57) target price on shares of adidas and gave the stock a “neutral” rating in a report on Friday, July 24th. Royal Bank of Canada set a €260.00 ($292.13) price target on shares of adidas and gave the company a “buy” rating in a research report on Wednesday, July 1st. Kepler Capital Markets set a €270.00 ($303.37) price target on shares of adidas and gave the company a “buy” rating in a research report on Monday, July 20th. Credit Suisse Group set a €193.00 ($216.85) price target on shares of adidas and gave the company a “sell” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group set a €220.00 ($247.19) price target on shares of adidas and gave the company a “neutral” rating in a research report on Friday, July 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €250.53 ($281.49).

The company’s 50-day moving average is €238.08 and its 200 day moving average is €240.10.

About adidas (FRA:ADS)

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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