European Wealth Group (LON:EWG) Reaches New 1-Year Low - Here's Why

Key Points

• European Wealth Group Limited (LON:EWG) shares hit a new 52-week low at GBX 90.40 ($1.22) amid trading activity, with a total volume of 159,225 shares.
• Analysts have mixed views on the stock, with Berenberg Bank maintaining a "buy" rating and a target price of GBX 120, while Deutsche Bank downgraded it to "hold" with a revised target of GBX 110.
• Recent insider activity saw Steve Dryden purchase 33,819 shares at an average price of GBX 105, indicating confidence from corporate insiders who own 47.70% of the company.

European Wealth Group Limited (LON:EWG - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 90.40 ($1.22) and last traded at GBX 90.40 ($1.22), with a volume of 159225 shares. The stock had previously closed at GBX 92.20 ($1.24).

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Berenberg Bank reiterated a "buy" rating and issued a GBX 120 target price on shares of European Wealth Group in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft lowered shares of European Wealth Group to a "hold" rating and upped their price objective 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 given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 115.

European Wealth Group Stock Up 0.0%

The stock has a market cap of £638.27 million and a price-to-earnings ratio of 23,643.59.

Insider Buying and Selling at European Wealth Group

In other news, insider Steve Dryden acquired 33,819 shares of the business's stock in a transaction dated Monday, September 8th. The shares were purchased at an average price of GBX 105 per share, with a total value of £35,509.95. Corporate 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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