Ahold (OTCMKTS:ADRNY) Sees Strong Trading Volume – Here’s What Happened

Shares of Ahold NV (OTCMKTS:ADRNY) saw an uptick in trading volume on Thursday . Approximately 154,860 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 119,330 shares.The stock last traded at €37.80 and had previously closed at €36.87.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADRNY. Royal Bank Of Canada upgraded shares of Ahold to a “hold” rating in a research report on Monday, July 6th. The Goldman Sachs Group lowered shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Ahold Price Performance

The firm has a 50-day simple moving average of €40.24 and a 200-day simple moving average of €43.66. The firm has a market capitalization of $33.40 billion, a PE ratio of 12.86, a PEG ratio of 1.80 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46.

Ahold (OTCMKTS:ADRNY) last released its quarterly earnings results on Wednesday, August 5th. The company reported €0.74 EPS for the quarter, beating the consensus estimate of €0.72 by €0.02. Ahold had a net margin of 2.45% and a return on equity of 16.70%. As a group, equities analysts forecast that Ahold NV will post 3.15 earnings per share for the current year.

About Ahold

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.