Analyse Deere stock

Confirmed: The consensus price target of 565.62 EUR is only around 4.2% above the current price of 542.99 EUR and is therefore clearly within the required ±25% plausibility range.
Quantitative: Deere is trading at a stated P/E ratio of 34.3, which at first glance seems ambitious; This is put into perspective by the strong market position, robust margins, high returns on capital and historically cyclically above-average profitability. Compared to the 52-week high of EUR 589.24, the target does not imply an aggressive re-rating, but rather a return to the upper trading range.
History/Technology: The current price is well abov...