European Wealth Group (LON:EWG) Share Price Passes Above 50 Day Moving Average – Time to Sell?

European Wealth Group Limited (LON:EWG)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 0 and traded as high as GBX 95.59. European Wealth Group shares last traded at GBX 93.40, with a volume of 247,024 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 120 price target on shares of European Wealth Group in a report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft cut European Wealth Group to a “hold” rating and boosted their price target for the stock from GBX 90 to GBX 110 in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, European Wealth Group has an average rating of “Moderate Buy” and a consensus target price of GBX 115.

European Wealth Group Price Performance

The stock has a market capitalization of £641.02 million and a price-to-earnings ratio of 59.36.

Insiders Place Their Bets

In other European Wealth Group news, insider Steve Dryden bought 33,819 shares of European Wealth Group stock in a transaction that occurred 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. Company insiders own 47.70% 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.