ME Group International (LON:MEGP) Hits New 52-Week Low – Here’s What Happened

Shares of ME Group International plc (LON:MEGPGet Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 146.53 and last traded at GBX 147, with a volume of 481236 shares. The stock had previously closed at GBX 151.

Wall Street Analyst Weigh In

Separately, Peel Hunt cut their target price on shares of ME Group International from GBX 235 to GBX 220 and set a “buy” rating on the stock in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 253.33.

Get Our Latest Research Report on MEGP

ME Group International Trading Down 2.9%

The company has a market capitalization of £553.99 million, a PE ratio of 9.75 and a beta of 1.20. The firm has a 50 day simple moving average of GBX 163.79 and a two-hundred day simple moving average of GBX 190.80.

ME Group International Company Profile

(Get Free Report)

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 48,000 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.

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