Koninklijke Ahold (OTCMKTS:AHONY) was upgraded by Zacks from a “sell” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $23.00 price objective on the stock. Zacks‘s price target would suggest a potential upside of 13.95% from the company’s current price.
According to Zacks, “Koninklijke Ahold N.V (Ahold) NV retails food through supermarkets, hypermarkets, and discount stores. The Company operates through subsidiaries and joint ventures of retail trade stores in the United States and Europe and a foodservice business in the United States. In addition, some of its subsidiaries finance, develop and manage store sites and shopping centers primarily to support Ahold’s retail operations. Ahold is headquartered in Amsterdam, Netherlands. “
A number of other firms have also recently commented on AHONY. Analysts at HSBC upgraded shares of Koninklijke Ahold to a “buy” rating in a research note on Thursday. Analysts at KBC Securities upgraded shares of Koninklijke Ahold to a “buy” rating in a research note on Wednesday. Analysts at ING Group upgraded shares of Koninklijke Ahold from a “hold” rating to a “buy” rating in a research note on Wednesday. Analysts at Rabobank International upgraded shares of Koninklijke Ahold to a “buy” rating in a research note on Tuesday. Finally, analysts at Societe Generale upgraded shares of Koninklijke Ahold from a “sell” rating to a “hold” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.00.
Koninklijke Ahold (OTCMKTS:AHONY) opened at 20.185 on Friday. Koninklijke Ahold has a one year low of $14.880 and a one year high of $21.750. The stock has a 50-day moving average of $20.5 and a 200-day moving average of $19.3. The company has a market cap of $16.91 billion and a P/E ratio of 25.106.
Koninklijke Ahold NV (OTCMKTS:AHONY) is the Netherlands-based retail group. Through its subsidiaries the Company operates supermarkets, wine and liquor stores, convenience stores, online daily needs ordering and delivery platforms, drugstores and pharmacies. Ahold’s retail operations are divided into three geographical segments: Ahold USA, the Netherlands and Other Europe. Ahold USA comprises a range of brands, such as: Stop & Shop New England, Stop & Shop New York Metro, Giant Landover, Giant Carlisle and Peapod. The Netherlands consists of Albert Heijn, Albert Heijn Belgium, Albert Heijn Germany, Etos, Gall & Gall, bol.com, and albert.nl. Other Europe segment includes Albert (Czech Republic and Slovakia) and Slovakian Hypernova. The Company is affiliated with JMR – Gestao de Empesas de Retalo, SGPS SA and Jeronimo Martins Retail Services SA. On August 1, 2014, the Company completed acquisition of SPAR in the Czech Republic.
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