ME Group International (LON:MEGP) Price Target Raised to GBX 235 at Canaccord Genuity Group

ME Group International (LON:MEGP) had its price objective lifted by Canaccord Genuity Group from GBX 203 ($2.57) to GBX 235 ($2.98) in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 270 ($3.42) target price on shares of ME Group International in a research report on Wednesday, December 4th.

ME Group International Trading Up 0.9 %

Shares of ME Group International stock opened at GBX 218 ($2.76) on Tuesday. The company’s fifty day simple moving average is GBX 210.71 and its two-hundred day simple moving average is GBX 206.42. The company has a market cap of £828.66 million, a P/E ratio of 15.65 and a beta of 1.20. ME Group International has a 12-month low of GBX 154.60 ($1.96) and a 12-month high of GBX 235.50 ($2.98).

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