ME Group International (LON:MEGP) Releases Earnings Results

ME Group International (LON:MEGP) issued its quarterly earnings results on Monday. The company reported GBX 14.36 ($0.18) earnings per share for the quarter, Digital Look Earnings reports. ME Group International had a net margin of 17.39% and a return on equity of 32.52%.

ME Group International Price Performance

Shares of ME Group International stock opened at GBX 218.85 ($2.77) on Wednesday. The stock’s 50 day simple moving average is GBX 210.71 and its 200-day simple moving average is GBX 206.42. The stock has a market cap of £831.90 million, a P/E ratio of 15.72 and a beta of 1.20. ME Group International has a 1-year low of GBX 155.20 ($1.97) and a 1-year high of GBX 235.50 ($2.98).

Analysts Set New Price Targets

MEGP has been the subject of several recent research reports. Canaccord Genuity Group raised their target price on shares of ME Group International from GBX 203 ($2.57) to GBX 235 ($2.98) and gave the stock a “buy” rating in a report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 ($3.42) target price on shares of ME Group International in a report on Wednesday, December 4th.

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.