ME Group International (LON:MEGP) Trading 1.6% Higher – Time to Buy?

ME Group International plc (LON:MEGP) traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as GBX 129.20 and last traded at GBX 126.74. 64,651,391 shares changed hands during trading, an increase of 1,681% from the average daily volume of 3,629,882 shares. The stock had previously closed at GBX 124.80.

Analysts Set New Price Targets

Separately, Peel Hunt restated a “buy” rating and set a GBX 230 price objective on shares of ME Group International in a research report on Monday, July 13th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 225.

ME Group International Stock Performance

The firm has a 50 day moving average price of GBX 112.31 and a 200-day moving average price of GBX 128.07. The company has a market cap of £482.61 million, a P/E ratio of 8.79 and a beta of 0.51.

ME Group International (LON:MEGP) last posted its earnings results on Monday, July 13th. The company reported GBX 6.50 earnings per share (EPS) for the quarter. ME Group International had a net margin of 17.57% and a return on equity of 26.96%. On average, sell-side analysts forecast that ME Group International plc will post 15.5344418 EPS for the current fiscal year.

ME Group International Company Profile

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.