ME Group International (LON:MEGP) Hits New 12-Month Low – What’s Next?

ME Group International plc (LON:MEGP)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 104.20 and last traded at GBX 107.44, with a volume of 10618940 shares. The stock had previously closed at GBX 147.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 220 price objective on shares of ME Group International in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 220.

ME Group International Price Performance

The firm has a 50 day simple moving average of GBX 142.49 and a 200-day simple moving average of GBX 145.09. The stock has a market capitalization of £404.40 million, a price-to-earnings ratio of 7.21 and a beta of 0.48.

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

ME Group International announced that its Board of Directors has authorized a share buyback plan on Monday, March 23rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board 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.