Delhaize Group (DEG) Releases Quarterly Earnings Results
Delhaize Group (NYSE:DEG) issued its quarterly earnings data on Thursday. The company reported ($0.15) earnings per share for the quarter, AnalystRatingsNetwork.com reports.
Delhaize Group (NYSE:DEG) traded up 4.38% on Thursday, hitting $16.93. The stock had a trading volume of 68,320 shares. Delhaize Group has a 1-year low of $16.05 and a 1-year high of $73.89. The stock has a 50-day moving average of $16.71 and a 200-day moving average of $36.5. The company has a market cap of $6.857 billion and a P/E ratio of 23.55.
On the ratings front, analysts at TheStreet downgraded shares of Delhaize Group from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Delhaize Group currently has a consensus rating of “Hold” and an average target price of $18.70.
Etablissements Delhaize Freres et Cie le Lion SA is a Belgium-based food retailer. The Company is principally engaged in the operation of supermarkets in Belgium, the United States (NYSE:DEG), Greece, Serbia, Bosnia and Herzegovina, Albania, Montenegro, Bulgaria, Romania and Indonesia.
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