Delhaize Group (DEG) Shares Gap Up to $27.89
Shares of Delhaize Group (NYSE:DEG) gapped up prior to trading on Wednesday . The stock had previously closed at $27.77, but opened at $27.89. Delhaize Group shares last traded at $28.03, with a volume of 18,726 shares trading hands.
Several 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 price objective on the stock in a report on Tuesday, March 22nd. BNP Paribas downgraded shares of Delhaize Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 29th.
The stock has a 50 day moving average price of $26.56 and a 200 day moving average price of $25.84. The stock has a market cap of $11.66 billion and a PE ratio of 23.54.
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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