European Wealth Group (LON:EWG) Trading Down 9.5% – Should You Sell?

European Wealth Group Limited (LON:EWG) shares traded down 9.5% during mid-day trading on Friday . The company 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 session volume of 8,479,461 shares. The stock had previously closed at GBX 108.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EWG. Jefferies Financial Group reissued a “buy” rating and set a GBX 132 price target on shares of European Wealth Group in a research report on Monday, June 22nd. UBS Group reiterated a “neutral” rating and set a GBX 142 price objective on shares of European Wealth Group in a research note on Wednesday, March 25th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, European Wealth Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 126.

European Wealth Group Price Performance

The company has a fifty day moving average of GBX 105.85 and a two-hundred day moving average of GBX 112.12. The stock has a market capitalization of £679.74 million and a P/E ratio of 336.90.

Insider Activity at European Wealth Group

In other news, insider Steve Dryden purchased 16,758 shares of the stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of GBX 113 per share, for a total transaction of £18,936.54. Also, insider Linda Myers purchased 59,238 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were purchased at an average cost of GBX 118 per share, for a total transaction of £69,900.84. 47.37% of the stock is currently owned by company 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.