European Wealth Group’s (EWG) “Buy” Rating Reiterated at Jefferies Financial Group

European Wealth Group (LON:EWG)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 132 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 29.67% from the stock’s previous close.

European Wealth Group Trading Up 2.8%

EWG traded up GBX 2.80 during midday trading on Thursday, hitting GBX 101.80. 595,341 shares of the company were exchanged, compared to its average volume of 6,087,966. The firm has a market capitalization of £708.44 million and a price-to-earnings ratio of -207.76. The company’s 50 day simple moving average is GBX 100.71 and its 200 day simple moving average is GBX 105.20. European Wealth Group has a 1-year low of GBX 87 and a 1-year high of GBX 135.

Insider Activity

In other news, insider Morgan Seigler sold 30,000,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of GBX 100, for a total value of £30,000,000. Also, insider Steve Dryden acquired 30,857 shares of the business’s stock in a transaction on Friday, September 11th. The shares were bought at an average cost of GBX 97 per share, for a total transaction of £29,931.29. 47.37% of the stock is currently owned by corporate insiders.

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.