ME Group International (LON:MEGP) Trading Down 9.1% – What’s Next?

ME Group International plc (LON:MEGP)’s stock price traded down 9.1% during mid-day trading on Friday . The stock traded as low as GBX 196 ($2.47) and last traded at GBX 200 ($2.52). 23,768,385 shares changed hands during mid-day trading, an increase of 1,925% from the average session volume of 1,173,753 shares. The stock had previously closed at GBX 220 ($2.77).

Analysts Set New Price Targets

A number of research firms have recently commented on MEGP. Berenberg Bank reissued a “buy” rating and set a GBX 270 ($3.40) target price on shares of ME Group International in a research report on Wednesday, December 4th. Canaccord Genuity Group boosted their price objective on shares of ME Group International from GBX 203 ($2.56) to GBX 235 ($2.96) and gave the stock a “buy” rating in a report on Tuesday.

ME Group International Stock Performance

The company has a market capitalization of £730.59 million, a PE ratio of 13.80 and a beta of 1.20. The company has a 50 day moving average price of GBX 211.41 and a 200 day moving average price of GBX 206.92.

ME Group International (LON:MEGP) last posted its quarterly earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.18) earnings per share (EPS) for the quarter. ME Group International had a net margin of 17.39% and a return on equity of 32.52%. On average, equities analysts forecast that ME Group International plc will post 15.5344418 earnings per share for the current fiscal year.

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.