Delhaize Group Upgraded by Morgan Stanley to Overweight (DEG)
Delhaize Group (NYSE:DEG) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports.
Shares of Delhaize Group (NYSE:DEG) opened at 65.08 on Tuesday. Delhaize Group has a one year low of $46.26 and a one year high of $71.61. The stock’s 50-day moving average is $62.43 and its 200-day moving average is $62.06. The company’s market cap is $6.588 billion.
A number of other analysts have also recently weighed in on DEG. Analysts at Barclays upgraded shares of Delhaize Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 24th. Analysts at Goldman Sachs upgraded shares of Delhaize Group from a “sell” rating to a “neutral” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $73.40.
Delhaize Group is Belgium-based food retailer, which operates in six countries and on three continents.
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