ME Group International (LON:MEGP) Stock Price Up 3.5% – Here’s Why

ME Group International plc (LON:MEGP)’s share price was up 3.5% during mid-day trading on Thursday . The company traded as high as GBX 204.70 ($2.50) and last traded at GBX 204.50 ($2.50). Approximately 22,709,703 shares were traded during mid-day trading, an increase of 572% from the average daily volume of 3,378,688 shares. The stock had previously closed at GBX 197.60 ($2.42).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 ($3.30) price target on shares of ME Group International in a research note on Wednesday, December 4th.

ME Group International Stock Up 3.5 %

The firm has a fifty day moving average of GBX 212.61 and a 200-day moving average of GBX 199.79. The firm has a market cap of £770.47 million, a P/E ratio of 1,460.71 and a beta of 1.20.

ME Group International Company Profile

ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas:

• Photo.ME – Photobooths and integrated biometric
identification solutions
• Wash.ME – Unattended laundry services and launderettes
• Print.ME – High-quality digital printing kiosks
• Feed.ME – Vending equipment for the food service market

In addition, the Group operates other vending equipment such as children’s rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.