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Etablissements Delhaize Freres Et Cie Le Lion S.a. (DEG) [hlAlert]

down 40.77 %

Etablissements Delhaize Freres Et Cie Le Lion S.a. (DEG) downgraded to Underweight by HSBC Securities

Posted on: Wednesday,  Apr 3, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Etablissements Delhaize Freres Et Cie Le Lion S.a. (NYSE: DEG) on 04/03/2013, when the stock price was
$13.23. Since then, Etablissements Delhaize Freres Et Cie Le Lion S.a. has gained 68.86% as of 10/28/2015's recent price of $22.34.
If you would have followed this HSBC Securities's recommendation on DEG, you would have lost 40.77% of your investment in 938 days.

Delhaize Group is a Belgian international food retailer with activities in seven countries on three continents. The principal operational activity of Delhaize Group is the operation of food supermarkets in North America, Europe and Southeast Asia. Delhaize Group?s sales network also includes other store formats, such as proximity stores and specialty stores. In addition to food retailing, Delhaize Group engages in food wholesaling to stores in its sales network and in retailing of non-food products, such as pet products. At December 31, 2008, Delhaize Group?s sales network consisted of 2,673 stores. At December 31, 2008, Delhaize Group operated companies in seven countries on three continents: the United States, Europe and Asia. These companies are grouped into four segments: the United States, Belgium, Greece and the Rest of the World. On February 14, 2008, Delhaize Group acquired P.L.Logistics Center-Dianomes-Apothikefsis - Logistics. On September 1, 2008, it acquired La Fourmi.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/3/2013 8:25 AM Sell
as of 12/13/2013
1 Week up  2.37 %
1 Month up  4.92 %
3 Months up  10.25 %
1 YTD down  -4.00 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/5/2011 8:25 AM Hold
1/13/2010 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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