adidas (FRA:ADS) stock price breaks below 200-day moving average of $215.66

Shares of adidas AG (FRA:ADS – Get Rating) fell below its 200-day moving average during Tuesday’s trading. The stock has a 200-day moving average of €215.66 ($227.01) and is trading as low as €164.96 ($173.64). adidas shares last traded at €166.52 ($175.28), with volume at 326,764 shares.

ADS has been the subject of several research analyst reports. Hauck and Aufhaeuser set a target price of €285.00 ($300.00) on adidas stock in a Thursday, April 21 report. Sanford C. Bernstein set a price target of €350.00 ($368.42) on shares of adidas in a Tuesday, March 15 report. Baader Bank set a price target of €190.00 ($200.00) on adidas shares in a Friday, May 6 report. UBS Group set a price target of €348.00 ($366.32) on shares of adidas in a Friday, May 6 report. Finally, Deutsche Bank Aktiengesellschaft set a price target of €340.00 ($357.89) on adidas shares in a Wednesday, March 9 report. Two equity research analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of €279.29 ($293.99).

The stock’s 50-day moving average is €184.44 and its 200-day moving average is €215.66.

adidas Company Profile (ENG:ADS)

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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James T. Quintero