European Wealth Group (LON:EWG) received a downgrade to a “hold” rating from stock analysts at Deutsche Bank Aktiengesellschaft, as reported in a research note released on Tuesday. The analysts have set a new price target of GBX 110 for the stock, an increase from their previous target of GBX 90. This target implies a potential upside of approximately 8.37% based on the stock’s previous closing price.
Berenberg Bank also provided insights on the stock, maintaining a “buy” rating with a price target of GBX 120 in a report issued on September 4, 2023. Currently, one analyst has rated the stock as a buy, while another has assigned a hold rating. According to data from MarketBeat.com, the average rating for European Wealth Group stands at “Moderate Buy,” with an average price target of GBX 115.
Recent Performance and Market Position
On Tuesday, European Wealth Group’s stock opened at GBX 101.50. Over the past year, the stock has traded within a range of GBX 98.56 to GBX 115. The company boasts a market capitalization of £702.57 million and a price-to-earnings (P/E) ratio of 26,025.64, indicating its growth potential and recent performance metrics.
In related news, company insider Steve Dryden purchased 33,819 shares on September 8, 2023, at an average price of GBX 105 per share. This transaction amounted to a total investment of £35,509.95, reflecting insider confidence in the company’s future prospects. Insiders currently hold approximately 47.70% of the company’s stock.
About European Wealth Group
European Wealth Group Limited is actively engaged in investment management and financial planning services within the United Kingdom. The company offers a variety of services including advisory and discretionary investment management, family office solutions, regular savings plans, individual and family protection, as well as tax and estate planning.
As analysts continue to evaluate European Wealth Group, these recent ratings and insider activities may provide valuable insights for investors seeking to navigate the company’s market landscape.