Ahold NV (ADRNY) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Ahold NV (OTCMKTS:ADRNY) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $20.00 target price on the stock.

According to Zacks, “Koninklijke Ahold Delhaize N.V. provides retail stores which offer food and non-food products primarily in the United States and Europe. The Company operates supermarkets, convenience stores, compact hypers, pick-up points and gasoline stations as well as specialty stores. Koninklijke Ahold Delhaize N.V., formerly known as Ahold N.V., is based in Zaandam, Netherlands. “

Shares of Ahold NV (OTCMKTS ADRNY) opened at 18.43 on Tuesday. The stock’s 50 day moving average is $19.07 and its 200 day moving average is $20.36. The company has a market cap of $23.08 billion, a PE ratio of 17.22 and a beta of 0.76. Ahold NV has a 52-week low of $17.65 and a 52-week high of $23.75.

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Ahold NV Company Profile

Koninklijke Ahold Delhaize N.V., formerly Koninklijke Ahold N.V., is engaged in the operation of retail stores in Europe and the United States. The Company’s segments are Ahold USA, Delhaize America, The Netherlands, Belgium, and Central and Southeastern Europe (CSE). In addition, Other retail, consists of Ahold Delhaize’s unconsolidated joint ventures JMR – Gestao de Empresas de Retalho, SGPS, SA (JMR) and P.T.

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