European Wealth Group (LON:EWG) Hits New 52-Week Low – Time to Sell?

Shares of European Wealth Group Limited (LON:EWG) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 90.40 ($1.22) and last traded at GBX 90.40 ($1.22), with a volume of 159225 shares. The stock had previously closed at GBX 92.20 ($1.24).

Analyst Ratings Changes

Several brokerages have issued reports on EWG. Deutsche Bank Aktiengesellschaft lowered shares of European Wealth Group to a “hold” rating and boosted their price target for the company from GBX 90 to GBX 110 in a report on Tuesday, September 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 120 target price on shares of European Wealth Group in a research report on Thursday, September 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 115.

European Wealth Group Stock Performance

The company has a market cap of £632.66 million and a PE ratio of 23,435.90.

Insider Buying and Selling at European Wealth Group

In other news, insider Steve Dryden acquired 33,819 shares of European Wealth Group stock in a transaction dated Monday, September 8th. The stock was purchased at an average cost of GBX 105 per share, for a total transaction of £35,509.95. Corporate 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.