adidas AG : Buyers are coming back
Entry price | Target | Stop-loss | Potential |
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€306.2 |
€350 |
€280 |
+14.3% |
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Shares in adidas AG have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
SummaryStrengthsWeaknesses● With an expected P/E ratio at 38.67 and 29.77 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
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● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
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