European Wealth Group (LON:EWG) Reaches New 12-Month Low Following Analyst Downgrade

Key Points

• European Wealth Group Limited's share price reached a new 52-week low of GBX 101.50 ($1.38) amidst trading, down from the previous close of GBX 105.50 ($1.44).
• Berenberg Bank has reinstated a "buy" rating on the stock with a target price of GBX 120, contributing to a consensus rating of "Buy" among analysts.
• Insider Steve Dryden purchased 33,819 shares at an average price of GBX 105, indicating a notable insider commitment as corporate insiders own 47.70% of the company's stock.

European Wealth Group Limited (LON:EWG - Get Free Report) shares hit a new 52-week low on Tuesday after Deutsche Bank Aktiengesellschaft downgraded the stock to a hold rating. Deutsche Bank Aktiengesellschaft now has a GBX 110 price target on the stock, up from their previous price target of GBX 90. European Wealth Group traded as low as GBX 101.50 ($1.37) and last traded at GBX 101.62 ($1.37), with a volume of 324949 shares trading hands. The stock had previously closed at GBX 105.50 ($1.42).

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 120 price objective on shares of European Wealth Group in a report on Thursday, September 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 115.

Insider Activity

In related news, insider Steve Dryden bought 33,819 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were acquired at an average cost of GBX 105 per share, for a total transaction of £35,509.95. Company insiders own 47.70% of the company's stock.

European Wealth Group Price Performance

The company has a market cap of £709.50 million and a price-to-earnings ratio of 26,282.05.

About European Wealth Group

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.