ME Group International (LON:MEGP) Given New GBX 235 Price Target at Canaccord Genuity Group

ME Group International (LON:MEGP) had its target price boosted by stock analysts at Canaccord Genuity Group from GBX 203 ($2.56) to GBX 235 ($2.97) in a note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 7.80% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 270 ($3.41) price target on shares of ME Group International in a report on Wednesday, December 4th.

ME Group International Stock Performance

LON MEGP traded up GBX 2 ($0.03) during trading hours on Tuesday, reaching GBX 218 ($2.75). The company’s stock had a trading volume of 1,287,990 shares, compared to its average volume of 638,260. The company’s 50-day moving average is GBX 210.71 and its two-hundred day moving average is GBX 206.42. ME Group International has a fifty-two week low of GBX 154.60 ($1.95) and a fifty-two week high of GBX 235.50 ($2.97). The stock has a market cap of £828.66 million, a PE ratio of 15.65 and a beta of 1.20.

ME Group International (LON:MEGP) last posted its earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.18) earnings per share (EPS) for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. Equities analysts expect that ME Group International will post 15.5344418 earnings per share for the current fiscal year.

About ME Group International

ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas:

• Photo.ME – Photobooths and integrated biometric
identification solutions
• Wash.ME – Unattended laundry services and launderettes
• Print.ME – High-quality digital printing kiosks
• Feed.ME – Vending equipment for the food service market

In addition, the Group operates other vending equipment such as children’s rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.