ME Group International (LON:MEGP) Trading 2.2% Higher – Here’s What Happened

Shares of ME Group International plc (LON:MEGP) traded 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). 79,563 shares changed hands during trading, a decline of 84% from the average session volume of 492,554 shares. The stock had previously closed at GBX 207 ($2.59).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 270 ($3.38) price target on shares of ME Group International in a report on Wednesday, December 4th.

ME Group International Price Performance

The stock has a market capitalization of £791.20 million, a price-to-earnings ratio of 1,500.00 and a beta of 1.20. The stock has a 50 day moving average price of GBX 216.53 and a 200-day moving average price of GBX 196.38.

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.