Deere (DE) Gets a Buy Rating from Barclays
Barclays analyst Adam Seiden maintained a Buy rating on Deere (DE) yesterday and set a price target of $180.00. The company’s shares closed last Monday at $172.64, close to its 52-week high of $173.26.
According to TipRanks.com, Seiden is a 3-star analyst with an average return of 2.0% and a 56.5% success rate. Seiden covers the Industrial Goods sector, focusing on stocks such as Manitowoc Company, Welbilt Inc, and Terex Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deere with a $167.46 average price target, which is a -3.0% downside from current levels. In a report issued on September 30, Robert W. Baird also reiterated a Buy rating on the stock with a $176.00 price target.
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Deere’s market cap is currently $54.36B and has a P/E ratio of 16.78. The company has a Price to Book ratio of 4.43.
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Deere & Co. engages in the manufacturing and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services.