European Wealth Group (LON: EWG) has received a downgrade from Deutsche Bank Aktiengesellschaft, which has changed its rating to “hold” in a recent research report. The revised price objective for the stock is now set at GBX 110, an increase from the previous target of GBX 90. This target reflects a potential upside of 8.37% from the stock’s last closing price.
Analysts’ opinions on European Wealth Group are varied. On September 4, 2023, Berenberg Bank reaffirmed a “buy” rating for the company, setting a higher price target of GBX 120. Currently, one analyst rates the stock as a Buy, while another assigns it a Hold rating. According to data from MarketBeat.com, the average rating for the stock remains a “Moderate Buy,” with an average price target of GBX 115.
Stock Performance and Market Insights
On the day of the downgrade, EWG stock opened at GBX 101.50. The stock has experienced fluctuations over the past year, with a fifty-two week low of GBX 98.56 and a fifty-two week high of GBX 115. The current market capitalization for European Wealth Group is approximately £702.57 million, with a price-to-earnings (P/E) ratio of 26,025.64.
In terms of insider trading, Steve Dryden, an insider at the company, acquired 33,819 shares on September 8, 2023. The purchase was made at an average cost of GBX 105 per share, totaling £35,509.95. Insiders currently hold 47.70% of the company’s stock, indicating a significant level of confidence in the firm.
About European Wealth Group
European Wealth Group Limited operates within the investment management and financial planning sector in the United Kingdom. The company provides a range of services, including advisory and discretionary investment management, family office management, regular savings plans, individual and family protection, tax and estate planning, and treasury management.
As the market continues to evolve, analysts and investors will be watching European Wealth Group closely to assess its performance against these newly set targets and ratings.
