Etablissements Delhaize Frères et Cie "Le Lion" (Groupe Delhaize) SA (DEG) was a big mover last session, as the company saw its shares rise over 7% on the day. The upside came after Dutch supermarket group Ahold announced that it is at the final stages of closing the merger with Delhaize Group. This development led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.78 to $23.71 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Delhaize currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same space is Ingles Markets, Incorporated (IMKTA) carrying a Zacks Rank #2 (Buy).
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