Delhaize Group (DEG) Trading Up 1%
Shares of Delhaize Group (NYSE:DEG) were up 1% during trading on Tuesday . The stock traded as high as $26.89 and last traded at $26.74, with a volume of 61,347 shares trading hands. The stock had previously closed at $26.48.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut shares of Delhaize Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. BNP Paribas cut shares of Delhaize Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 29th.
The firm has a 50 day moving average price of $26.01 and a 200-day moving average price of $25.63. The stock has a market capitalization of $11.15 billion and a P/E ratio of 22.48.
An institutional investor recently raised its position in Delhaize Group stock. Wells Fargo & Company MN increased its stake in shares of Delhaize Group (NYSE:DEG) by 511.0% during the fourth quarter, according to its most recent Form 13F filing with the 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 at the end of the most recent quarter.
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.