European Wealth Group (LON:EWG) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• European Wealth Group's stock price recently crossed above its 50-day moving average, reaching a trading high of GBX 100.50.
• Berenberg Bank maintains a "buy" rating with a price target of GBX 120, while Deutsche Bank has upgraded its rating to "hold" and raised the target price to GBX 110.
• Insider Steve Dryden purchased 33,819 shares at an average price of GBX 105, reflecting strong confidence from company insiders who hold 47.70% of the company's stock.

European Wealth Group Limited (LON:EWG - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0 ($0.00) and traded as high as GBX 100.50 ($1.35). European Wealth Group shares last traded at GBX 97.80 ($1.32), with a volume of 601,417 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EWG. Berenberg Bank reaffirmed a "buy" rating and set a GBX 120 price target 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 boosted their target price for the stock from GBX 90 to GBX 110 in a report 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.com, European Wealth Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 115.

European Wealth Group Stock Performance

The stock has a market cap of £668.66 million and a PE ratio of 24,769.23.

Insiders Place Their Bets

In other news, insider Steve Dryden acquired 33,819 shares of the firm's stock in a transaction on Monday, September 8th. The stock was purchased at an average price of GBX 105 per share, for a total transaction of £35,509.95. 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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