ME Group International (LON:MEGP) Stock Price Up 1.6% – What’s Next?

Shares of ME Group International plc (LON:MEGPGet Free Report) rose 1.6% during trading on Wednesday . The stock traded as high as GBX 142.80 and last traded at GBX 138.60. Approximately 182,136 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 2,390,219 shares. The stock had previously closed at GBX 136.40.

Analysts Set New Price Targets

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 research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, ME Group International has a consensus rating of “Buy” and a consensus price target of GBX 253.33.

Check Out Our Latest Report on MEGP

ME Group International Stock Performance

The stock has a market cap of £523.52 million, a PE ratio of 9.22 and a beta of 1.20. The company has a 50 day moving average of GBX 149.29 and a two-hundred day moving average of GBX 176.70.

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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