Deere & Company (NYSE:DE) : 12 investment research analysts covering Deere & Company (NYSE:DE) have an average price target of $78.17 for the near short term. The highest target price given by the Brokerage Firm to the stock is $96 and the lowest target is $63 for the short term. Analysts expect the variance to be within $9.94 of the average price.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Goldman Sachs upgrades the rating on Deere & Company (NYSE:DE). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $87 per share to $105 per share. The rating by the firm was issued on June 3, 2016.
Deere & Company (NYSE:DE): stock turned positive on Thursday. Though the stock opened at $84.93, the bulls momentum made the stock top out at $84.95 level for the day. The stock recorded a low of $83.53 and closed the trading day at $84.29, in the green by 0.44%. The total traded volume for the day was 2,284,961. The stock had closed at $83.92 in the previous days trading.
The company shares have dropped -10.72% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $98.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $83.35 and the 200 Day Moving Average price is recorded at $79.80. On the companys insider trading activities,The officer (Senior Vice President & CFO) of Deere & Co, Kalathur Rajesh sold 4,366 shares at $79.52 on December 2, 2015. The Insider selling transaction had a total value worth of $347,184. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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 Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys 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 Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.