European Wealth Group (LON:EWG) Hits New 1-Year High – Here’s What Happened

European Wealth Group Limited (LON:EWG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 130 and last traded at GBX 129.50, with a volume of 258278 shares. The stock had previously closed at GBX 127.50.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered European Wealth Group to a “hold” rating and increased their target price for the stock from GBX 90 to GBX 110 in a research report on Tuesday, September 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, European Wealth Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 115.

European Wealth Group Price Performance

The firm has a market capitalization of £882.85 million and a price-to-earnings ratio of 81.73. The business has a fifty day moving average of GBX 100.68.

Insider Activity at European Wealth Group

In other European Wealth Group news, insider Steve Dryden purchased 25,880 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average cost of GBX 97 per share, with a total value of £25,103.60. Company insiders own 47.69% of the company’s stock.

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.