Delhaize Group (NYSE:DEG) shares hit a new 52-week high during trading on Friday . The stock traded as high as $27.55 and last traded at $27.36, with a volume of 64,195 shares traded. The stock had previously closed at $26.92.

Several research analysts recently issued reports on DEG shares. Zacks Investment Research lowered shares of Delhaize Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. BNP Paribas lowered shares of Delhaize Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 29th.

The firm has a market capitalization of $11.37 billion and a P/E ratio of 22.89. The stock has a 50-day moving average of $26.06 and a 200 day moving average of $25.64.

An institutional investor recently raised its position in Delhaize Group stock. Wells Fargo & Company MN boosted its stake in Delhaize Group (NYSE:DEG) by 511.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,107 shares of the company’s stock after buying an additional 63,650 shares during the period. Wells Fargo & Company MN’s holdings in Delhaize Group were worth $1,849,000 as of its most recent SEC filing.

Delhaize Group SA, formerly Etablissements Delhaize Freres Et Cie Le Lion (Groupe Delhaize) SA, formerly Delhaize Group SA is a Belgium-based food retailer. The Company groups its operations into three segments: the United States; Belgium and Southeastern Europe (SEE). The Company is principally engaged in the operation of supermarkets in Belgium, the United States (Northeast and Mid-Atlantic), Luxembourg, Greece, Serbia, Romania and Indonesia.

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