European Wealth Group (LON:EWG) Hits New 52-Week Low - Here's What Happened

Key Points

• European Wealth Group Limited reached a new 52-week low, trading at GBX 95.40 ($1.29) before slightly rebounding to GBX 97.61 ($1.32) with a volume of 128,527 shares.
• Analysts have mixed sentiments, with Berenberg Bank maintaining a "buy" rating and a price target of GBX 120, while Deutsche Bank downgraded the stock to "hold" with a revised target of GBX 110.
• Company insider Steve Dryden purchased 33,819 shares at GBX 105, indicating strong internal confidence as insiders own 47.70% of the company's stock.

European Wealth Group Limited (LON:EWG - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 95.40 ($1.29) and last traded at GBX 97.61 ($1.32), with a volume of 128527 shares traded. The stock had previously closed at GBX 97.80 ($1.32).

Analyst Ratings Changes

Several analysts recently weighed in on EWG shares. Berenberg Bank restated a "buy" rating and issued a GBX 120 price target on shares of European Wealth Group in a research note on Thursday, September 4th. Deutsche Bank Aktiengesellschaft downgraded European Wealth Group to a "hold" rating and boosted their target price for the stock from GBX 90 to GBX 110 in a report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 115.

European Wealth Group Trading Up 1.0%

The firm has a market cap of £683.89 million and a P/E ratio of 25,333.33.

Insider Transactions at European Wealth Group

In other European Wealth Group news, insider Steve Dryden purchased 33,819 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was purchased at an average price of GBX 105 per share, for a total transaction of £35,509.95. Company insiders own 47.70% of the company's stock.

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.

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