ME Group International (LON:MEGP) Releases Earnings Results

ME Group International (LON:MEGP) announced its quarterly earnings results on Monday. The company reported GBX 14.36 ($0.18) earnings per share for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.39% and a return on equity of 32.52%.

ME Group International Stock Performance

Shares of LON MEGP opened at GBX 219 ($2.77) on Monday. ME Group International has a 52 week low of GBX 154.60 ($1.96) and a 52 week high of GBX 235.50 ($2.98). The stock has a market capitalization of £832.46 million, a P/E ratio of 15.73 and a beta of 1.20. The stock’s fifty day moving average is GBX 210.64 and its 200 day moving average is GBX 206.24.

Analysts Set New Price Targets

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

ME Group International Company Profile

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.