Shares of DEG traded higher by 0.56% or $0.33/share to $59.60. Etablissements Delhaize Freres et Cie Le Lion S.A. is trading at a price to book ratio of 0.85. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.9 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.21. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 37667 shares of DEG exchange hands on a given day and today's volume is recorded at 15333. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Delhaize Group is a Belgium-based food retailer. The Company is principally engaged in the operation of supermarkets in Belgium, the United States (Southeast and Mid-Atlantic as well as Northeast and Sweetbay in Florida) and Greece, with smaller operations in Romania and Indonesia.
