European Wealth Group (LON:EWG) Sets New 1-Year High – Still a Buy?

Shares of European Wealth Group Limited (LON:EWG) hit a new 52-week high during trading on Monday . The company traded as high as GBX 116 and last traded at GBX 116, with a volume of 423174 shares trading hands. The stock had previously closed at GBX 109.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of European Wealth Group to a “hold” rating and boosted their target price for the stock from GBX 90 to GBX 110 in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, European Wealth Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 115.

European Wealth Group Price Performance

The company has a market cap of £803.22 million and a price-to-earnings ratio of 74.36. The stock’s 50 day simple moving average is GBX 96.45.

Insiders Place Their Bets

In other news, insider Steve Dryden acquired 25,880 shares of European Wealth Group stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average cost of GBX 97 per share, with a total value of £25,103.60. Company insiders own 47.69% of the company’s stock.

About European Wealth Group

Eurowag was founded in 1995 and is a leading technology company and an important partner to Europe’s commercial road transport industry, with a purpose to make it clean, fair and efficient.
Eurowag enables trucking companies to successfully transition to a low carbon, digital future by harnessing all mission critical data, insights and payment and financing transactions into a single ecosystem and connects their operations seamless before a journey, on the road and postdelivery.

Please visit our website https://investors.eurowag.com for more information.