European Wealth Group (LON:EWG) Trading Down 9.5% – Here’s Why

European Wealth Group Limited (LON:EWG) traded down 9.5% during mid-day trading on Friday . The stock traded as low as GBX 97.70 and last traded at GBX 97.70. Approximately 1,444,121 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 8,479,461 shares. The stock had previously closed at GBX 108.

Wall Street Analyst Weigh In

EWG has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 132 price objective on shares of European Wealth Group in a research note on Monday, June 22nd. UBS Group reiterated a “neutral” rating and issued a GBX 142 target price on shares of European Wealth Group in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 126.

European Wealth Group Price Performance

The firm has a market capitalization of £679.74 million and a price-to-earnings ratio of 336.90. The business’s 50-day moving average price is GBX 105.85 and its 200 day moving average price is GBX 112.12.

Insider Buying and Selling at European Wealth Group

In other news, insider Linda Myers acquired 59,238 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was bought at an average cost of GBX 118 per share, with a total value of £69,900.84. Also, insider Steve Dryden bought 16,758 shares of the stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of GBX 113 per share, with a total value of £18,936.54. Insiders own 47.37% of the company’s stock.

European Wealth Group Company Profile

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.