ME Group International (LON:MEGP) Shares Down 0.3% – What’s Next?

ME Group International plc (LON:MEGP)’s share price traded down 0.3% on Tuesday . The company traded as low as GBX 119.49 and last traded at GBX 119.60. 12,961,896 shares traded hands during mid-day trading, an increase of 275% from the average daily volume of 3,452,892 shares. The stock had previously closed at GBX 120.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 230 price target on shares of ME Group International in a report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ME Group International currently has an average rating of “Buy” and an average target price of GBX 225.

ME Group International Price Performance

The stock’s fifty day simple moving average is GBX 117.75 and its 200-day simple moving average is GBX 126.36. The firm has a market cap of £448.07 million, a PE ratio of 8.16 and a beta of 0.53.

ME Group International (LON:MEGP) last announced its quarterly earnings data on Monday, July 13th. The company reported GBX 6.50 earnings per share for the quarter. ME Group International had a net margin of 17.57% and a return on equity of 26.96%. Analysts expect that ME Group International plc will post 15.5344418 earnings per share for the current year.

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.