Piper Jaffray announced Deere & Company (NYSE:DE), boosting its stock price target to $70.00 today
- Updated: September 17, 2016
Yesterday Deere & Company (NYSE:DE) traded 0.42% higher at $88.00. Deere & Company’s 50-day average is $81.51 and its 200-day moving average is $81.79. With the last stock price up 0.19% relative to the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same time period. Trading volume was was up over the average, with 3,596,007 shares of DE changing hands over the typical 3,455,060 shares..
In a report announced on 8/22/2016 Piper Jaffray raised the target price of Deere & Company (NYSE:DE) from $67 to $70 reporting a possible downsideof -0.20%.
On Friday July 29 2016, UBS Securities released a statement on Deere & Company(NYSE:DE) dropped the target price from $94.00 to $80.00 that suggested an upside of 0.03%.
Recent Performance Graph:
A total of 19 brokers have reported on the company. Three firms rate the stock a strong buy, one analyst rate the company a buy, 12 analyts rate the company a hold, five brokerages rate the company to underperform, and finally one brokeragerate the stock as sell with a one year target stock price of $78.26
Deere & Company has a price-earnings of 16 with a 52 week low of $70.16 and a 52 week high of $88.63 and has a market capitalization of $0.0.
General Information About Deere & Company (NYSE:DE)
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Company’s construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Company’s financial services segment primarily provides credit services, and which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.
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