ME Group International (LON:MEGP) Trading 3.5% Higher - Time to Buy?

ME Group International plc (LON:MEGP - Get Free Report) shares were up 3.5% during mid-day trading on Thursday . The stock traded as high as GBX 204.70 ($2.49) and last traded at GBX 204.50 ($2.49). Approximately 22,709,703 shares changed hands during trading, an increase of 572% from the average daily volume of 3,378,688 shares. The stock had previously closed at GBX 197.60 ($2.40).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 270 ($3.29) target price on shares of ME Group International in a research note on Wednesday, December 4th.

ME Group International Stock Down 1.5 %

The company's 50-day moving average is GBX 212.09 and its 200-day moving average is GBX 199.80. The stock has a market capitalization of £759.17 million, a price-to-earnings ratio of 1,439.29 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.