ME Group International (LON:MEGP) Shares Up 2.2% – Should You Buy?

ME Group International plc (LON:MEGP)’s stock price was up 2.2% during mid-day trading on Wednesday . The stock traded as high as GBX 211.50 ($2.65) and last traded at GBX 211.50 ($2.65). Approximately 79,563 shares were traded during trading, a decline of 84% from the average daily volume of 492,554 shares. The stock had previously closed at GBX 207 ($2.60).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 270 ($3.39) price target on shares of ME Group International in a research report on Wednesday, December 4th.

ME Group International Stock Up 2.2 %

The firm has a market cap of £796.85 million, a PE ratio of 1,510.71 and a beta of 1.20. The firm’s fifty day simple moving average is GBX 216.08 and its two-hundred day simple moving average is GBX 195.99.

About ME Group International

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.