Delhaize Group (NYSE:DEG)’s stock is going to split on the morning of Monday, April 7th, AnalystRatingsNetwork.com reports. The 4-1 split was announced on Friday, March 7th. The newly created shares will be payable to shareholders after the closing bell on Friday, April 4th.
Shares of Delhaize Group (NYSE:DEG) traded down 1.17% on Friday, hitting $68.25. 528,592 shares of the company’s stock traded hands. Delhaize Group has a 52 week low of $51.64 and a 52 week high of $73.89. The stock has a 50-day moving average of $68.2 and a 200-day moving average of $62.64. The company has a market cap of $27.641 billion and a price-to-earnings ratio of 120.79.
A number of analysts have recently weighed in on DEG shares. Analysts at Nomura cut their price target on shares of Delhaize Group in a research note on Tuesday, March 18th. Separately, analysts at TheStreet upgraded shares of Delhaize Group from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Finally, analysts at EVA Dimensions upgraded shares of Delhaize Group from a “hold” rating to an “overweight” rating in a research note on Friday, March 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Delhaize Group has an average rating of “Hold” and an average target price of $75.70.
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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