European Wealth Group (LON:EWG) Sets New 12-Month Low - Should You Sell?

Key Points

• Shares of European Wealth Group hit a new 52-week low at GBX 88 ($1.18) during trading, reflecting a significant drop from the previous close of GBX 90 ($1.21).
• Analysts have mixed opinions on the stock, with Deutsche Bank downgrading it to a "hold" while Berenberg Bank maintained a "buy" rating with a price target of GBX 120.
• Insider Steve Dryden bought 33,819 shares at GBX 105, indicating confidence in the company's future despite current market challenges.

Shares of European Wealth Group Limited (LON:EWG - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 88 ($1.18) and last traded at GBX 88 ($1.18), with a volume of 460284 shares trading hands. The stock had previously closed at GBX 90 ($1.21).

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EWG. Deutsche Bank Aktiengesellschaft downgraded European Wealth Group to a "hold" rating and upped their price objective for the company from GBX 90 to GBX 110 in a research report on Tuesday, September 16th. Berenberg Bank reiterated a "buy" rating and issued a GBX 120 price target on shares of European Wealth Group in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 115.

European Wealth Group Price Performance

The firm has a market capitalization of £609.18 million and a price-to-earnings ratio of 5,641.03.

Insider Buying and Selling

In other news, insider Steve Dryden acquired 33,819 shares of European Wealth Group stock in a transaction on Monday, September 8th. The shares were 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 insiders.

European Wealth Group Company Profile

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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