European Wealth Group (LON:EWG) Downgraded to "Hold" Rating by Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank downgraded European Wealth Group to a "hold" rating, raising their price target to GBX 110, which suggests a potential upside of 7.84% from the current price.
• Berenberg Bank maintained a "buy" rating for the stock, setting a higher price target of GBX 120, reflecting mixed analyst opinions on the company's performance.
• Insider activity has been noted, with Steve Dryden purchasing 33,819 shares at an average cost of GBX 105, indicating confidence in the stock's future prospects.

Deutsche Bank Aktiengesellschaft cut shares of European Wealth Group (LON:EWG - Free Report) to a hold rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have GBX 110 price objective on the stock, up from their prior price objective of GBX 90.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 120 price objective on shares of European Wealth Group in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 115.

European Wealth Group Price Performance

European Wealth Group has a 12 month low of GBX 95.61 and a 12 month high of GBX 115. The company has a market capitalization of £692.19 million and a price-to-earnings ratio of 26,282.05.

Insider Transactions at European Wealth Group

In other European Wealth Group news, insider Steve Dryden bought 33,819 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average cost of GBX 105 per share, for a total transaction of £35,509.95. 47.70% of the stock is owned by corporate insiders.

European Wealth Group Company Profile

European Wealth Group Limited engages in the investment management and financial planning business in the United Kingdom. The company provides advisory and discretionary investment management, family office, regular savings, individual and family protection, tax and estate planning, and treasury management services.