Delhaize Group (DEG) Reaches New 12-Month High at $27.55
Delhaize Group (NYSE:DEG) shares hit a new 52-week high on Friday . The company traded as high as $27.55 and last traded at $27.36, with a volume of 64,195 shares changing hands. The stock had previously closed at $26.92.
A number of research analysts have recently commented on DEG shares. Zacks Investment Research raised shares of Delhaize Group from a “sell” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, March 22nd. BNP Paribas cut shares of Delhaize Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 29th.
The stock has a market cap of $11.39 billion and a price-to-earnings ratio of 23.07. The company has a 50-day moving average price of $26.12 and a 200-day moving average price of $25.66.
A hedge fund recently raised its stake in Delhaize Group stock. Wells Fargo & Company MN boosted its position in shares of 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 fund 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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