ME Group International (LON:MEGP) Trading 2.2% Higher - Still a Buy?

ME Group International plc (LON:MEGP - Get Free Report)'s share price was up 2.2% on Wednesday . The stock traded as high as GBX 211.50 ($2.65) and last traded at GBX 211.50 ($2.65). Approximately 79,563 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 492,554 shares. The stock had previously closed at GBX 207 ($2.59).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 270 ($3.38) price objective on shares of ME Group International in a report on Wednesday, December 4th.

ME Group International Price Performance

The firm has a market capitalization of £796.85 million, a P/E ratio of 1,510.71 and a beta of 1.20. The company has a fifty day moving average of GBX 216.35 and a 200 day moving average of GBX 196.28.

About ME Group International

ME Group International plc operates, sells, and services a range of instant-service equipment in the United Kingdom. The company operates through Asia Pacific, Continental Europe, and United Kingdom and Ireland segments. It operates coin-operated automatic photobooths for identification and fun purposes, as well as vending equipment, including digital photo kiosks, laundry machines, business service equipment, amusement machines, and children's rides.