European Wealth Group (LON:EWG) Rating Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

European Wealth Group (LON:EWG) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a research report issued on Tuesday, MarketBeat Ratings reports. They presently have a GBX 110 price objective on the stock, up from their prior price objective of GBX 90. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 8.37% from the stock’s previous close.

Separately, 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. 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 115.

European Wealth Group Price Performance

EWG stock opened at GBX 101.50 on Tuesday. European Wealth Group has a fifty-two week low of GBX 98.56 and a fifty-two week high of GBX 115. The firm has a market cap of £702.57 million and a P/E ratio of 26,025.64.

Insider Buying and Selling

In other news, insider Steve Dryden acquired 33,819 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were purchased at an average cost of GBX 105 per share, for a total transaction of £35,509.95. Insiders own 47.70% of the company’s stock.

European Wealth Group Company Profile

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.