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European Wealth Group (LON:EWG) Receives "Neutral" Rating from UBS Group

European Wealth Group logo with Finance background
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Key Points

  • UBS reaffirmed a "neutral" rating on European Wealth Group and set a GBX 142 target price, implying roughly 32.7% upside from the current share price.
  • The stock jumped about 8.3%, opening at GBX 107, with a 12‑month range of GBX 87–135, a market cap of £740.9m and a P/E of 68.6.
  • European Wealth Group (Eurowag) is a technology company serving Europe's commercial road transport industry, offering payments, data and operational solutions to support a low‑carbon, digital transition.
  • Interested in European Wealth Group? Here are five stocks we like better.

European Wealth Group (LON:EWG - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at UBS Group in a note issued to investors on Wednesday, Marketbeat reports. They currently have a GBX 142 target price on the stock. UBS Group's price objective would indicate a potential upside of 32.71% from the company's current price.

European Wealth Group Trading Up 8.3%

European Wealth Group stock opened at GBX 107 on Wednesday. European Wealth Group has a twelve month low of GBX 87 and a twelve month high of GBX 135. The stock has a 50 day moving average of GBX 116.78 and a two-hundred day moving average of GBX 104.93. The stock has a market capitalization of £740.90 million and a price-to-earnings ratio of 68.59.

About European Wealth Group

(Get Free Report)

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.

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