European Wealth Group (LON:EWG) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of European Wealth Group Limited (LON:EWG) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 0 and traded as high as GBX 95.59. European Wealth Group shares last traded at GBX 93.40, with a volume of 247,024 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on EWG shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 120 target price on shares of European Wealth Group in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft cut European Wealth Group to a “hold” rating and upped their price target for the stock from GBX 90 to GBX 110 in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 115.

European Wealth Group Price Performance

The firm has a market cap of £641.02 million and a P/E ratio of 59.36.

Insider Activity at European Wealth Group

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

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.