ME Group International (LON:MEGP) Receives “Buy” Rating from Peel Hunt

ME Group International (LON:MEGP)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a report issued on Monday,London Stock Exchange reports. They currently have a GBX 230 target price on the stock. Peel Hunt’s target price would suggest a potential upside of 97.87% from the company’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 220 price objective on shares of ME Group International in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 225.

ME Group International Stock Performance

Shares of MEGP stock traded up GBX 12.84 during mid-day trading on Monday, hitting GBX 116.24. The company’s stock had a trading volume of 15,610,252 shares, compared to its average volume of 3,295,318. The company has a market cap of £435.49 million, a PE ratio of 7.80 and a beta of 0.49. The company’s fifty day simple moving average is GBX 120.55 and its 200-day simple moving average is GBX 134.25. ME Group International has a 52 week low of GBX 98.50 and a 52 week high of GBX 228.

ME Group International (LON:MEGP) last released its quarterly earnings data on Friday, July 3rd. The company reported GBX 6.79 earnings per share for the quarter. ME Group International had a net margin of 17.94% and a return on equity of 27.72%. On average, equities analysts anticipate that ME Group International will post 15.5344418 earnings per share for the current year.

ME Group International announced that its Board of Directors has initiated a share buyback plan on Monday, March 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.