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

ME Group International plc (LON:MEGP) shares dropped 0.3% on Friday . The stock traded as low as GBX 182.40 ($2.36) and last traded at GBX 185.20 ($2.39). Approximately 685,633 shares were traded 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).

Analyst Ratings Changes

MEGP has been the subject of several recent research reports. Canaccord Genuity Group lifted their target price on shares of 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 270 ($3.49) target price on shares of ME Group International in a research note on Wednesday, December 4th.

ME Group International Price Performance

The firm’s 50 day moving average is GBX 206.89 and its 200 day moving average is GBX 206.87. The company has a market cap of £703.98 million, a PE ratio of 13.30 and a beta of 1.20.

ME Group International (LON:MEGP) last issued its quarterly earnings data 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%. As a group, analysts anticipate that ME Group International plc will post 15.5344418 EPS for the current year.

ME Group International Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a dividend of GBX 4.45 ($0.06) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 2.36%. This is a boost from ME Group International’s previous dividend of $3.45. ME Group International’s payout ratio is currently 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.