ME Group International (LON:MEGP) Sets New 12-Month High – Still a Buy?

Shares of ME Group International plc (LON:MEGPGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 227 ($2.95) and last traded at GBX 225.74 ($2.94), with a volume of 28039 shares trading hands. The stock had previously closed at GBX 220 ($2.86).

Analyst Ratings Changes

MEGP has been the topic of several recent research reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 200 ($2.60) target price on shares of ME Group International in a research report on Monday, July 15th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 203 ($2.64) target price on shares of ME Group International in a research note on Tuesday, July 16th.

View Our Latest Stock Report on ME Group International

ME Group International Price Performance

The firm has a market cap of £856.22 million, a price-to-earnings ratio of 1,571.43 and a beta of 1.20. The firm has a fifty day simple moving average of GBX 197.90 and a two-hundred day simple moving average of GBX 183.26.

About ME Group International

(Get Free Report)

ME Group International plc operates, sells, and services a range of instant-service equipment in the United Kingdom. The company operates through Asia Pacific, Continental Europe, and United Kingdom and Ireland segments. It operates coin-operated automatic photobooths for identification and fun purposes, as well as vending equipment, including digital photo kiosks, laundry machines, business service equipment, amusement machines, and children's rides.

Recommended Stories

Receive News & Ratings for ME Group International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ME Group International and related companies with MarketBeat.com's FREE daily email newsletter.