ME Group International (LON:MEGP) Price Target Raised to GBX 235 at Canaccord Genuity Group

ME Group International (LON:MEGP) had its price target lifted by Canaccord Genuity Group from GBX 203 ($2.56) to GBX 235 ($2.96) in a research note released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 270 ($3.40) price target on shares of ME Group International in a research note on Wednesday, December 4th.

ME Group International Stock Performance

Shares of ME Group International stock opened at GBX 220 ($2.77) on Tuesday. The stock has a market capitalization of £836.26 million, a price-to-earnings ratio of 15.80 and a beta of 1.20. ME Group International has a 1-year low of GBX 155.20 ($1.96) and a 1-year high of GBX 235.50 ($2.97). The firm has a fifty day simple moving average of GBX 211.14 and a 200-day simple moving average of GBX 206.82.

ME Group International (LON:MEGP) last released its earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.18) earnings per share (EPS) for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. As a group, research analysts predict that ME Group International will post 15.5344418 earnings per share for the current year.

About ME Group International

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.