ME Group International (LON:MEGP) Trading Up 6.2% – Still a Buy?

ME Group International plc (LON:MEGPGet Free Report)’s stock price was up 6.2% during trading on Thursday . The company traded as high as GBX 135.64 and last traded at GBX 132.59. Approximately 1,796,611 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 2,207,325 shares. The stock had previously closed at GBX 124.80.

Analyst Ratings Changes

Separately, Peel Hunt cut their price target on ME Group International from GBX 235 to GBX 220 and set a “buy” rating on the stock in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 262.50.

View Our Latest Stock Report on ME Group International

ME Group International Stock Up 1.8%

The company’s 50 day simple moving average is GBX 142.48 and its two-hundred day simple moving average is GBX 167.77. The company has a market capitalization of £515.97 million, a price-to-earnings ratio of 9.08 and a beta of 1.20.

ME Group International Company Profile

(Get Free Report)

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 48,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.

Further Reading

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