ME Group International (LON:MEGP) Shares Up 1.6% – Still a Buy?

ME Group International plc (LON:MEGP) rose 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 were traded during mid-day trading, an increase of 1,681% from the average session volume of 3,629,882 shares. The stock had previously closed at GBX 124.80.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 230 price target on shares of ME Group International in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 225.

ME Group International Stock Performance

The stock has a 50 day simple moving average of GBX 111.93 and a two-hundred day simple moving average of GBX 128.15. The firm has a market cap of £474.83 million, a PE ratio of 8.65 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 EPS for the quarter. ME Group International had a return on equity of 26.96% and a net margin of 17.57%. Equities research analysts forecast that ME Group International plc will post 15.5344418 earnings per share for the current year.

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.