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

ME Group International plc (LON:MEGP)’s stock price dropped 0.3% during trading on Friday . The company traded as low as GBX 182.40 ($2.36) and last traded at GBX 185.20 ($2.39). Approximately 685,633 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 1,200,022 shares. The stock had previously closed at GBX 185.80 ($2.40).

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 ($3.49) price objective on shares of ME Group International in a report on Wednesday, December 4th. Canaccord Genuity Group lifted their price target on ME Group International from GBX 203 ($2.62) to GBX 235 ($3.03) and gave the stock a “buy” rating in a research note on Tuesday, February 25th.

ME Group International Price Performance

The stock has a market capitalization of £703.98 million, a PE ratio of 13.30 and a beta of 1.20. The firm’s 50 day simple moving average is GBX 206.89 and its 200 day simple moving average is GBX 206.75.

ME Group International (LON:MEGP) last issued its earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.19) EPS for the quarter. ME Group International had a net margin of 17.39% and a return on equity of 32.52%. Analysts expect that ME Group International plc will post 15.5344418 earnings per share for the current fiscal year.

ME Group International Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a dividend of GBX 4.45 ($0.06) per share. This represents a yield of 2.36%. This is a positive change from ME Group International’s previous dividend of $3.45. The ex-dividend date is Thursday, April 24th. ME Group International’s dividend payout ratio (DPR) is presently 57.45%.

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.