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European Wealth Group (LON:EWG) Shares Cross Above 50-Day Moving Average - Here's Why

European Wealth Group logo with Finance background

Key Points

  • European Wealth Group's stock has recently crossed above its 50-day moving average, reaching a trading high of GBX 94.80 ($1.27) before closing at GBX 88 ($1.18).
  • Analysts report mixed outlooks for the stock, with Berenberg Bank maintaining a "buy" rating and a target price of GBX 120, while Deutsche Bank upgraded its rating to "hold" with a target price increase to GBX 110.
  • Insider Steve Dryden has purchased 33,819 shares at an average price of GBX 105, indicating confidence in the company's performance, with corporate insiders owning 47.70% of the company's stock.
  • MarketBeat previews top five stocks to own in November.

European Wealth Group Limited (LON:EWG - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0 ($0.00) and traded as high as GBX 94.80 ($1.27). European Wealth Group shares last traded at GBX 88 ($1.18), with a volume of 460,284 shares.

Analyst Ratings Changes

EWG has been the subject of several recent research reports. Berenberg Bank reaffirmed a "buy" rating and set 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 lifted their target price for the company from GBX 90 to GBX 110 in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 115.

Check Out Our Latest Stock Report on EWG

European Wealth Group Trading Up 0.5%

The firm has a market cap of £611.95 million and a price-to-earnings ratio of 5,666.67.

Insider Transactions at European Wealth Group

In related news, insider Steve Dryden purchased 33,819 shares of the company's stock in a transaction that occurred on 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.

European Wealth Group Company Profile

(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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