European Wealth Group (LON:EWG) Shares Cross Above 50-Day Moving Average - What's Next?

Key Points

• European Wealth Group (LON:EWG) shares crossed above their 50‑day moving average (GBX 111.87), trading as high as GBX 119 and last at GBX 117.60 on a volume of 4,037,646 shares.
• Analysts are mixed: two Buy and two Hold ratings yield a consensus of Moderate Buy with an average target of GBX 126, while Jefferies targets GBX 132 and UBS targets GBX 142.
• The stock has a market capitalization of £823.99 million and a very high trailing P/E of 410.34, signaling an elevated valuation relative to earnings.

European Wealth Group Limited (LON:EWG - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 111.87 and traded as high as GBX 119. European Wealth Group shares last traded at GBX 117.60, with a volume of 4,037,646 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EWG shares. Jefferies Financial Group reissued a "buy" rating and issued a GBX 132 target price on shares of European Wealth Group in a research report on Tuesday, March 31st. UBS Group reissued a "neutral" rating and issued a GBX 142 target price on shares of European Wealth Group in a research report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 126.

European Wealth Group Trading Up 1.2%

The stock has a 50 day moving average price of GBX 111.87 and a 200-day moving average price of GBX 105.94. The stock has a market capitalization of £823.99 million and a PE ratio of 410.34.

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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