Jefferies Financial Group Reaffirms Buy Rating for European Wealth Group (LON:EWG)

Key Points

• Jefferies Financial Group reaffirmed a Buy rating on European Wealth Group with a GBX 132 price target, implying roughly a 22.22% upside from the prior close.
• UBS reiterated a Neutral rating and set a GBX 142 target; analysts are split (two Buy, two Hold), leaving a consensus rating of Moderate Buy and a consensus target of GBX 126.
• Shares traded at GBX 108 mid-day (52‑week range GBX 87–135), with a market cap of £747.82m, a P/E of 69.23, and 50‑/200‑day moving averages of GBX 115.27 and GBX 104.90 respectively.

European Wealth Group (LON:EWG - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Jefferies Financial Group in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 132 price target on the stock. Jefferies Financial Group's target price would indicate a potential upside of 22.22% from the company's previous close.

Separately, UBS Group restated 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 126.

European Wealth Group Price Performance

Shares of EWG traded up GBX 3.50 during mid-day trading on Tuesday, reaching GBX 108. The stock had a trading volume of 96,810 shares, compared to its average volume of 17,673,850. European Wealth Group has a 52-week low of GBX 87 and a 52-week high of GBX 135. The firm has a market cap of £747.82 million and a price-to-earnings ratio of 69.23. The business's fifty day moving average is GBX 115.27 and its 200 day moving average is GBX 104.90.

About European Wealth Group

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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