ME Group International (LON:MEGP) Trading Down 25.2% – What’s Next?

ME Group International plc (LON:MEGP)’s stock price traded down 25.2% on Monday . The company traded as low as GBX 106 and last traded at GBX 109.96. 7,027,867 shares were traded during mid-day trading, an increase of 207% from the average session volume of 2,289,160 shares. The stock had previously closed at GBX 147.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 220 price target on shares of ME Group International in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ME Group International currently has an average rating of “Buy” and an average target price of GBX 248.33.

ME Group International Trading Down 25.2%

The firm has a market cap of £413.89 million, a P/E ratio of 7.37 and a beta of 0.48. The company has a fifty day moving average price of GBX 143.08 and a two-hundred day moving average price of GBX 145.47.

ME Group International (LON:MEGP) last released its quarterly earnings data on Monday, March 23rd. The company reported GBX 15 earnings per share for the quarter. ME Group International had a return on equity of 27.72% and a net margin of 17.94%. As a group, sell-side analysts expect that ME Group International plc will post 15.5344418 EPS for the current year.

ME Group International declared that its board has authorized a stock buyback plan on Monday, March 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 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.