ME Group International (LON:MEGP) Hits New 12-Month Low – Time to Sell?

Shares of ME Group International plc (LON:MEGP) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 152 and last traded at GBX 155.89, with a volume of 505326 shares traded. The stock had previously closed at GBX 156.20.

Analysts Set New Price Targets

Separately, Peel Hunt reduced their price target on shares of ME Group International from GBX 235 to GBX 220 and set a “buy” rating for the company in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 253.33.

ME Group International Trading Down 0.2%

The company has a fifty day simple moving average of GBX 183.37 and a 200-day simple moving average of GBX 203.28. The company has a market capitalization of £588.83 million, a PE ratio of 10.36 and a beta of 1.20.

ME Group International Company Profile

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.