European Wax Center (NASDAQ:EWCZ) Shares Down 5.4%

European Wax Center Inc (NASDAQ:EWCZ) dropped 5.4% during mid-day trading on Wednesday . The stock traded as low as $28.77 and last traded at $28.77. Approximately 1,735 shares traded hands during trading, a decline of 100% from the average daily volume of 377,339 shares. The stock had previously closed at $30.41.

EWCZ has been the topic of several research reports. Citigroup began coverage on European Wax Center in a research note on Monday, August 30th. They set a “buy” rating and a $32.00 price objective on the stock. Truist Financial began coverage on European Wax Center in a research report on Monday, August 30th. They set a “buy” rating and a $30.00 price target on the stock. Jefferies Financial Group began coverage on European Wax Center in a research report on Monday, August 30th. They set a “buy” rating and a $33.00 price target on the stock. Truist started coverage on European Wax Center in a research note on Monday, August 30th. They set a “buy” rating and a $30.00 price target for the company. Finally, Robert W. Baird upgraded European Wax Center from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, August 30th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, European Wax Center has an average rating of “Buy” and a consensus target price of $29.78.

About European Wax Center (NASDAQ:EWCZ)

European Wax Center Inc is a personal care franchise brand. It offer wax services from certified Wax Specialists as well as full collection of proprietary products in the skincare, body and brow categories. European Wax Center Inc is based in PLANO, Texas.

See Also: Initial Coin Offering (ICO)

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