European Wealth Group (LON:EWG) Reaches New 1-Year Low – Should You Sell?

European Wealth Group Limited (LON:EWG)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 87 ($1.16) and last traded at GBX 89.80 ($1.20), with a volume of 2577282 shares traded. The stock had previously closed at GBX 91.60 ($1.22).

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EWG. Deutsche Bank Aktiengesellschaft lowered shares of European Wealth Group to a “hold” rating and raised their target price for the company from GBX 90 to GBX 110 in a research note on Tuesday, September 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 120 price objective on shares of European Wealth Group in a research note on Thursday, September 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, European Wealth Group has an average rating of “Moderate Buy” and a consensus price target of GBX 115.

European Wealth Group Trading Down 1.1%

The company has a market capitalization of £614.72 million and a price-to-earnings ratio of 5,692.31.

Insider Buying and Selling at European Wealth Group

In other news, insider Steve Dryden purchased 33,819 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was bought at an average price of GBX 105 per share, with a total value of £35,509.95. 47.70% of the stock is currently owned by corporate insiders.

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.