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

ME Group International plc (LON:MEGP) shares rose 1.6% on Tuesday . The company traded as high as GBX 129.20 and last traded at GBX 126.74. Approximately 64,651,391 shares changed hands during mid-day 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.

Wall Street Analyst Weigh In

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

ME Group International Stock Performance

The company has a market cap of £474.83 million, a PE ratio of 8.65 and a beta of 0.51. The firm’s 50 day moving average is GBX 111.93 and its 200-day moving average is GBX 128.15.

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