Delhaize Group (NYSE:DEG) hit a new 52-week high Friday as it changed hands at $86.17 compared with its previous 52-week high of $85.42. Delhaize Group is currently trading at $86.07 with 2,400 shares changing hands as of 9:31 a.m.
NEW YORK ( TheStreet) -- Delhaize Group (NYSE: DEG) hit a new 52-week high Friday as it traded at $86.17 compared with its previous 52-Week high of $85.42. Delhaize Group is changing hands at $86.07 with 2,400 shares traded as of 9:31 a.m. ET. Average volume has been 32,000 shares over the past 30 days. Delhaize Group has a market cap of $8.4 billion and is part of the services sector and retail industry. Shares are up 14.8% year to date as of the close of trading on Thursday. Etablissements Delhaize Freres Et Cie Le Lion S.A. (Delhaize Group), together with its subsidiaries, operates food supermarkets in North America, Europe, and southeast Asia. The company has a P/E ratio of 13.4, above the average retail industry P/E ratio of 11 and below the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates Delhaize Group as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Delhaize Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.